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Harveys Ltd has just paid a dividend of $3 per share and is expected to increase the dividend to $5 per share for the next
Harveys Ltd has just paid a dividend of $3 per share and is expected to increase the dividend to $5 per share for the next four years. After that, the dividend is expected to grow at 4% per year. If the cost of equity is 10%, how much will you pay for a share today?
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