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Assume that a company paid dividend of Taka 2 on the share last year and is expected to grow at a rate of 8% for

Assume that a company paid dividend of Taka 2 on the share last year and is expected to grow at a rate of 8% for the coming three years. After that it would grow at a rate of 3% for ever. If the required rate of return is 10%, what is the value of the stock today? [3]

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