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Alice Stone Pty Ltd's ordinary shares have paid a $3 dividend for so long that investors are now convinced that the equity will continue to
Alice Stone Pty Ltd's ordinary shares have paid a $3 dividend for so long that investors are now convinced that the equity will continue to pay that annual dividend forever. If the next dividend is due in one year and investors require an 8% return on the equity, what is its current market price? What will the price be immediately after the next dividend payment?
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