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Kaitlin Date owns shares in Patina Constructions Pty Ltd. Currently, the market price of the share is $38.38. The company expects to grow at a

Kaitlin Date owns shares in Patina Constructions Pty Ltd. Currently, the market price of the share is $38.38. The company expects to grow at a constant rate of 4 per cent for the foreseeable future. Its last dividend was worth $3.03. Kaitlin's required rate of return for such shares is 12.4 per cent. She wants to find out whether she should sell her shares or add to her holdings. a. What is the value of this share? b. Based on your answer to part a, should Kaitlin buy additional shares in Patina Constructions? Why or why not

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