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Question 1 (25 marks) (a) DYNA Bank's expected stream of dividends over the next three years is as follows: 2/5 Year 2021 2022 2023 Expected

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Question 1 (25 marks) (a) DYNA Bank's expected stream of dividends over the next three years is as follows: 2/5 Year 2021 2022 2023 Expected Dividend Per Share (RM) 2.25 2.50 2.75 The bank's stock can be sold for RM17 at the end of three years. Based on the information given, calculate he estimated intrinsic value (Po) for this stock if the discount rate is 12 percent? (10 marks)

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