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A new company, Jones Ltd, plans to start paying dividends in 3 years time. This first dividend will be $0.90, and thereafter the dividends will

A new company, Jones Ltd, plans to start paying dividends in 3 years time. This first dividend will be $0.90, and thereafter the dividends will increase by 4% each year indefinitely. If the required return is 14%, what is the price of a share today?

Group of answer choices

$6.43

$6.07

$9.00

$6.93

$7.20

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