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b) Rainbow Bhd.'s dividend is expected to increase stably. Next year, the dividend is expected to be RM1 per share and increase by 5% each

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b) Rainbow Bhd.'s dividend is expected to increase stably. Next year, the dividend is expected to be RM1 per share and increase by 5% each year. Calculate the stock's current value if the required rate of return is 10%. (Total: 6 marks)

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