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An ordinary share has just paid a R2.00 per share dividend and the share has a required return of 15%. Dividends are expected to grow

An ordinary share has just paid a R2.00 per share dividend and the share has a required return of 15%. Dividends are expected to grow at 20% in the first 2 years and from the year 3 the growth will be 5% per year forever. What is the price you should be willing to pay for the share

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