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A fast growth share has the first dividend (t=1) of $3.16. Dividends are then expected to grow at a rate of 5 percent p.a. for

A fast growth share has the first dividend (t=1) of $3.16. Dividends are then expected to grow at a rate of 5 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 2.6 percent. . If the required rate of return is 13 percent, what is the current price of the share?(to the nearest cent)

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