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Assume a perfect capital market under certainty. Company VanDeSar grows at a perpetual rate of 5.00% per annum (g = 5.00%). Every year, 25.00% of

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Assume a perfect capital market under certainty. Company VanDeSar grows at a perpetual rate of 5.00% per annum (g = 5.00%). Every year, 25.00% of the earnings is being paid out as dividend. The dividend policy will remain unchanged. The price of a share of company VanDeSar at t = 1 is 210. (This is the price just after the payment of the dividend: Pex at t = 1 is 210.) The dividend per share at t = 2 is 10.50 Calculate the price of a share (in euros) of VanDeSar just after the payment of the dividend at t=0. Do not mention the euro symbol

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