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BRB Co. is expected to pay the same dividend for the next two years. Thereafter, the dividend will grow at a constant annual rate of
BRB Co. is expected to pay the same dividend for the next two years. Thereafter, the dividend will grow at a constant annual rate of 3.3%, indefinitely. Investors require a return of 12.9% on BRB stock. If BRB stock sells at R69.25 today, what is next years dividend payment?
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