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Liverpool ple, currently pays no dividend. You anticipate that it will firstly pay an annual dividend per share of 2.50 in two years' time and

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Liverpool ple, currently pays no dividend. You anticipate that it will firstly pay an annual dividend per share of 2.50 in two years' time and that this dividend will grow by 2% per year thereafter (forever). The cost of equity capital for Liverpool ple, is 12% per year. What is the fair value of its share today? OA. 27.50 OB. 19.93 OC. 25.00 D. 22.32

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