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Q2. Facebook paid its common stocks a dividend of $0.77 last year. The company expects growth to continue at 10% p.a. for the next 2

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Q2. Facebook paid its common stocks a dividend of $0.77 last year. The company expects growth to continue at 10% p.a. for the next 2 years and 5% p.a. thereafter. What is the current price of the share? common shareholders' rate of return is 10% p.a. (Show your calculations) (2 Marks)

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