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MT Berhad has recently discovered a new potential product. Next year's dividend is expected to be RM 2 per share, but dividends will increase annually

MT Berhad has recently discovered a new potential product. Next year's dividend is expected to be RM2 per share, but dividends will increase annually by 3%,5%, and 7%, respectively, and then steadily increase by 4% after that. Calculate the value of the stock if the required rate of return is 10%.

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