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Alpha Limited is not paying a dividend right now but is expected to pay a $ 5 dividend two years from now. Investors expect that

Alpha Limited is not paying a dividend right now but is expected to pay a $

5

dividend two years from now. Investors expect that dividend to grow by

2 %

every year forever. If the required return on the share is

19 %,

what should be the price of Alpha Limited shares today? Please write the answer in two decimal places.

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