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Compact Batteries Limited have invested in a new technology and manufacturing capability in order to benefit from increased demand for electric vehicles. They have just

Compact Batteries Limited have invested in a new technology and manufacturing capability in order to benefit from increased demand for electric vehicles. They have just paid a dividend of 20 and announced that they expect profits and dividends to grow at 9% for the next two years and then return to a steady state growth rate of 4%.If investors require a 15% return what is the current share price?

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