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Can you please answer and explain/show the steps in answering the following question. 1. The ordinary shares of OLO Ltd are expected to pay a
Can you please answer and explain/show the steps in answering the following question. 1. The ordinary shares of OLO Ltd are expected to pay a dividend of $1.00 at the end of year 1 and market analysts expect the dividend to grow at 15% p.a. for the next three years before the growth rate drops to 5% p.a. for the forseeable future. If the expected return on these shares is 15% their price today is closest to: a) $9.10 b) $12.60 c) $14.10 d) $16.00
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