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A share is expected to pay a dividend of $ 1 . 6 0 in one year. This dividend is expected to increase at an

A share is expected to pay a dividend of $1.60 in one year. This dividend is expected to increase at an annual rate of 5% forever. If the required return is 15%, what is a fair value of this share today?
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$16.00
$1.60
$17.60
$10.67
$16.80

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