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c) A share has just paid a dividend of $2.00 yesterday. The dividend will be paid every year for the same amount for the foreseeable

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c) A share has just paid a dividend of $2.00 yesterday. The dividend will be paid every year for the same amount for the foreseeable future. The rate of return is 12.5% p.a. effective. Calculate the price of the share in 3 years. (Round your answer to the nearest cent.) (2 marks)

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