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Art Plc . has just paid a dividend of 2 . 8 and intends to sustain a growth in dividends of 5 . 5 %

Art Plc. has just paid a dividend of 2.8 and intends to sustain a growth in dividends of 5.5%
for the first 4 years, 3.5% for the following year and 3% thereafter. What is the current share
price considering a 4% discount rate? What are the dividends to be paid in year 5 and year 13?

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