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Assume the following information for MJW shares: - Current Dividend = $10.00 Dividend growth rate for next 4 years = -2% pa Dividend growth rate

Assume the following information for MJW shares:

- Current Dividend = $10.00

Dividend growth rate for next 4 years

= -2% pa

Dividend growth rate from year 4 onwards = 3% pa

Required return on MJW shares = 8% pa

Calculate the share price for MJW. (using excel)

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