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Jim Ltd.'s next dividend will be $2.5, the dividend is expected to grow at 8% p.a. for the following 3 years. After that the growth

Jim Ltd.'s next dividend will be $2.5, the dividend is expected to grow at 8% p.a. for the following 3 years. After that the growth rate in dividends will be 5% per year indefinitely. Required rate of return is 10% p.a.

Required:

Calculate the current value of Jim Ltd.'s shares

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