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Posted on Aug 03, 2024

Forward Tech Ltd estimates their required rate of return on average to be 1 5 % . Last year s dividend was $ 3 .

Forward Tech Ltd estimates their required rate of return on average to be

15 % .

Last year

s dividend was

3.00,

and the current share price of the company is $

95.00 .

Find the estimated growth rate of dividend for

the company.

Please note: Solve using formulas showing all workings.

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