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Home Company paid an annual dividend of RM0.90 per share this year. The company expects that the dividend will grow an annual rate of 15

Home Company paid an annual dividend of RM0.90 per share this year. The company expects that the dividend will grow an annual rate of 15 percent for the next five years and then drop to a gradual growth rate of 7 percent indefinitely. The required rate of return is 10 percent and the share is currently trading at RM48. i) Calculate the intrinsic value of the share today. Please show full step in typing instead of photo

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