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How to explain and how to draw the timeline. What is a fair price for XYZ Ltd's Share? -A dividend of $0.25 will be paid

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How to explain and how to draw the timeline.

What is a fair price for XYZ Ltd's Share? -A dividend of $0.25 will be paid at the end of year 2. -The following year the dividend will grow at 8% p.a. every year forever. -Investors require a 15% return. -Draw a timeline and discuss all calculations

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