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Costa Concepts Ltd is a fast-growing technology company and is growing at a constant growth rate of 16%. The company just paid a dividend of

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Costa Concepts Ltd is a fast-growing technology company and is growing at a constant growth rate of 16%. The company just paid a dividend of $2. If the required rate of return on such shares is 25%, calculate: (a) the expected dividend in year 3. [2 marks] (b) the current value of the share. [3 marks] (c) whether you would recommend a current shareholder sell or buy more shares if the market price is $22.50. Explain your answer. [2 marks) Type your answers in the space provided below. Show all workings/calculations

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