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Cuckoo Co. paid RM3.00 per dividend per share last year. Given the dividend of the company has been growing at 8 percent rate per year.

Cuckoo Co. paid RM3.00 per dividend per share last year. Given the dividend of the company has been growing at 8 percent rate per year. i) If the required rate of return is 12%, calculate the selling price of year five. ii) If the required rate of return is 12%, calculate the value of common stock for five years from today.

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