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Market analysts expect HEN Ltd not to pay any dividends for the next three years. The company is then likely to pay a dividend of
Market analysts expect HEN Ltd not to pay any dividends for the next three years. The company is then likely to pay a dividend of $2.00 at the end of year 4, which is expected to grow at a rate of 6% p.a. for the next two years. Subsequently, these dividends are expected to grow at a rate of 3% p.a. for the foreseeable future. If investors require a return of 12% p.a. on the company's shares, its current share price should be closest to:
Group of answer choices $25.72. $17.40. $23.38. $16.64.
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