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DZs Ltd has a current dividend growth rate of 10% per annum. It is expected that this rate can only be maintained for the next

DZs Ltd has a current dividend growth rate of 10% per annum. It is expected that this rate can only be maintained for the next 2 years, from which time it is expected to be 6% per annum and remain at that level indefinitely. The investors’ required rate of return is 25%. The latest dividend per share was $0.60 and was paid yesterday. What is the value of DZs’s shares?

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