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News Corporation is expected to pay a dividend of $0.60 in one year. The dividend is expected to grow at 11% per annum in the

News Corporation is expected to pay a dividend of $0.60 in one year. The dividend is expected to grow at 11% per annum in the following three years, and then at a constant rate of 5% per annum indefinitely. If the required rate of return is 12%, what is the price of the companys share today?

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