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CIMB bank Berhad is a dividend paying company and it currently pays RM2 as dividend. The dividend is expected to grow at the rate of

CIMB bank Berhad is a dividend paying company and it currently pays RM2 as dividend. The dividend is expected to grow at the rate of 30% in the first 5 years and then return to its long-run constant growth rate of 5%. The required rate of return is 12%.

(i)What is the value of the stock today?

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