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Ojo Ltd.s share dividend has grown at 10% per year for many years. Investors believe that a year from now the company will pay a

Ojo Ltd.s share dividend has grown at 10% per year for many years. Investors believe that a year from now the company will pay a dividend of $5 and that dividends will continue their 10% growth indefinitely. If the markets required return on Ojo equity is 15%, what do the shares sell for today? What will be the price immediately after the next dividend payment? Show all calculations (5 marks)

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