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Pinto plc will pay a dividend next year ( year 1 ) of 0 . 8 7 per share and earnings per share ( EPS

Pinto plc will pay a dividend next year (year 1) of 0.87 per share and earnings per share (EPS) are then estimated to be 2.02.
It is estimated that the annual dividend payment will increase by 5% annually for the next five years. From year 5, all profits will be paid out as an annual dividend (no growth).
If the required rate of return for shares in plc is 14%, what will be the price per share today (share price)?

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