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Huda Corporation recently paid dividends of RM1.60, and the firm expects the dividends to increase at a certain rate each year. The firm has an

Huda Corporation recently paid dividends of RM1.60, and the firm expects the dividends to increase at a certain rate each year. The firm has an ROE of 15% and retained 40% of its earnings to reinvest in its R&D project. The cost of equity is 11%.

What is the fair value of the stock?

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