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(i) KM Ltd. paid a dividend of $0.30 at the start of this year and have always adhered to strict dividend growth rate of 7%

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(i) KM Ltd. paid a dividend of $0.30 at the start of this year and have always adhered to strict dividend growth rate of 7% per annum. Calculate the current price of the firm's stock if the required rate of return is 10% ? [3]

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