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Assume the following information for MJW shares: - Current Dividend = $10.00 Dividend growth rate for next 4 years = -1% pa Dividend growth rate

Assume the following information for MJW shares: -

Current Dividend = $10.00 Dividend growth rate for next 4 years = -1% pa Dividend growth rate from year 4 onwards = 2% pa Required return on MJW shares = 6% pa

Calculate the share price for MJW.

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