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c. PicnicWorld expects to grow at a rate of 24% for the next 3 years and then settle to a constant growth rate of 6%.

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c. PicnicWorld expects to grow at a rate of 24% for the next 3 years and then settle to a constant growth rate of 6%. The most recent dividend paid by the company was $2.2. The required rate of return is 14%. What is the price of the share today? (4 marks)

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