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DTX paid $7m ordinary dividend for its 5m outstanding shares. The company decides to pay 5.62 per cent more dividends in the next year and
DTX paid $7m ordinary dividend for its 5m outstanding shares. The company decides to pay 5.62 per cent more dividends in the next year and to maintain the same growth in dividends forever. If the market expects 14.70 per cent return from this company, what would be the value for a DTX share today? [Important: Round the final answer to two-decimal places. For example, if the answer is $12.345, write only '12.35:]
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