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MCK Bhd paid a dividend of RM2 per share last year. The growth rate in dividend is expected to be 4% for the first year,

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MCK Bhd paid a dividend of RM2 per share last year. The growth rate in dividend is expected to be 4% for the first year, 5% for the second year, and then 6% for the third year. The growth rate is expected to be constant at 7% per year thereafter. The required rate of return is 10%. i. Calculate the maximum share price you should be willing to pay for the stock

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