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Lady Bird Bhd. has paid dividend of RM1.50 per share last year. The prevailing market price for the stock is RM25 per share. The company

Lady Bird Bhd. has paid dividend of RM1.50 per share last year. The prevailing market price for the stock is RM25 per share. The company announces that the dividend will grow at constant rate of 6 percent every year. If the investor's required rate of return is 13 percent, calculate the intrinsic value of the share. (3 marks)

hand written please

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