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Perrigo Company plc has just announced that it will not pay a dividend. However, analysts expect the company to pay a dividend of 1 next

Perrigo Company plc has just announced that it will not pay a dividend. However, analysts expect the company to pay a dividend of 1 next year. If dividends are expected to grow at a constant rate of 5 per cent per year indefinitely, and investors require an 8 per cent return on the company, what will the price of the company's share be in five years?

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