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If expected dividends grow at 8% and the appropriate discount rate is 12%, what is the value of a share with an expected dividend of

  1. If expected dividends grow at 8% and the appropriate discount rate is 12%, what is the value of a share with an expected dividend of $2.33?
  2. The longer the maturity of a bond, the greater the impact on price to changes in market interest rates.

a) True b) False

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