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GIA Ltd just paid a dividend of $0.50 per share. The companys dividend is expected to grow by 20% in the first year and 15%
GIA Ltd just paid a dividend of $0.50 per share. The companys dividend is expected to grow by 20% in the first year and 15% in the second year. From Year 3 onwards, the dividend is expected to grow at a constant rate of 5% forever. The required rate of return is 12%. What is the current price of the company share?
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