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As part of your retirement funding strategy, you are considering the purchase of ordinary shares in Fiji Ethical Investments Ltd. Dividends are paid semi-annually and
As part of your retirement funding strategy, you are considering the purchase of ordinary shares in Fiji Ethical Investments Ltd. Dividends are paid semi-annually and you have forecast the next six. The first of these dividends will be received in 6 months' time. You are planning to sell the shares when you have received the final dividend and you expect to get $14 for each share. If your required rate of return is 6% p.a., what is the intrinsic value of a share
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