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Fashion Ltd pay a dividend of $4 per share next year. After that the dividend is forecast to grow at 17% for 2 years. From

Fashion Ltd pay a dividend of $4 per share next year. After that the dividend is forecast to grow at 17% for 2 years. From year three onwards dividends are expected to grow by 3% indefinitely. Calculate the share price for Fashion Ltd if the discount rate is 9%.

Select one:

a.$60.64

b.$98.46

c.$84.42

d.$53.04

e.$82.36

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