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ABC Ltd shares are assumed to be trading at their fair value of $65.83. The dividend per share next year is $3.19 and grows at
ABC Ltd shares are assumed to be trading at their fair value of $65.83. The dividend per share next year is $3.19 and grows at a constant rate each year. The appropriate discount rate is 14% p.a.. What is the expected price of ABC shares 3 year from now?(round to nearest cent) a. $85.61 O b. $63.08 O c. $106.46 O d. $65.83
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