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According to the prospectus of New Start Ltd , the company anticipates paying its first dividend of $ 0 . 8 5 in 5 years

According to the prospectus of New Start Ltd, the company anticipates paying its first dividend of $0.85 in 5 years time, and thereafter expects the dividend to increase by 4% each year indefinitely. If the required return is 15%, what is the current value of a New Start share today?
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$4.59
$3.84
$5.67
$7.73
$4.42

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