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Heraklion is expected to pay a dividend of $17 a share in the coming year. Its share currently sells for $40. The required rate of

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Heraklion is expected to pay a dividend of $17 a share in the coming year. Its share currently sells for $40. The required rate of return is equal to 11%. Dividends are expected to grow at a constant rate, g. Calculate the estimated value of the share three years from today. Show your steps. Use two decimal points. Answer: Give your reasons 7 FI IEEE I 8 c

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