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An investor has invested in Fast Growth Ltd company which is growing at an above average rate, translated to an annual increase in dividends of

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An investor has invested in Fast Growth Ltd company which is growing at an above average rate, translated to an annual increase in dividends of 20% for 10 years. Thereafter, dividend growth rate returns to an average rate of 6%. The current dividend per equity share is $10. Assuming no dividend tax and equity capitalization rate of 15%, determine the value of Equity Shares

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