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Please show formula and workings WITH FINANCIAL CALCULATOR Trentham Estate Ltd expects to grow at a rate of 22 per cent for the next 5
Please show formula and workings WITH FINANCIAL CALCULATOR Trentham Estate Ltd expects to grow at a rate of 22 per cent for the next 5 years and then settle to a constant-growth rate of 6 per cent. The companys most recent dividend was $2.35. The required rate of return is 15 per cent. a Find the present value of the dividends during the rapid growth period. b What is the price of the share at the end of year 5? c What is the price of the share today?
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