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Dodge Ltd last paid a dividend of $0.80 on its ordinary shares. The company's dividends are expected to grow at a constant rate of 2%

Dodge Ltd last paid a dividend of $0.80 on its ordinary shares. The company's dividends are expected to grow at a constant rate of 2% per annum indefinitely. If the required rate of return is 5%, what is the current value of the share? Question 2 options: $26.66 $16.00 $16.32 $27.20

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