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exam you acknowledge that you agree with the above statements Successful Albert Ltd's last dividend was $2.25. The company expects to grow at a constant

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exam you acknowledge that you agree with the above statements Successful Albert Ltd's last dividend was $2.25. The company expects to grow at a constant rate of 4%. Your required rate of return on such shares is 5.5%. a. Find the current market value of this share. (2 marks) b. What is the expected dividends in year 3? (1 marks) c. What is the price of the share 6 years from now? (2.5 marks) d. If the company expect no growth in the near future, what is the maximum price you would be willing to pay? (1.5 marks)

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