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a) Macro Systems just paid an annual dividend of Rs 0.32 per share. Its dividend is expected to double for the next four years (D

a) Macro Systems just paid an annual dividend of Rs 0.32 per share. Its dividend is expected to double for the next four years (D1 through D4), after which it will grow at a more modest pace of 1% per year. If the required return is 13%, what is the current price that mitigate risk?

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