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Acuity Investments plans to pay yearly dividends of $0.2 per share starting in 3 years' time in perpetuity. (There is no dividend payment in


 

Acuity Investments plans to pay yearly dividends of $0.2 per share starting in 3 years' time in perpetuity. (There is no dividend payment in the first 2 years.) These dividends are not expected to grow. The implied rate of return on the stocks is currently 8% p.a. effective. Calculate the share price today. Round you answer to 2 decimal places.

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