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*Question 4 (c) correction* c) A Common stockhas the following details: Dividend growth rate of30% fornext four years, thereafter , a fall in the growth

*Question 4 (c) correction*

c) A Common stockhas the following details:

Dividend growth rate of30% fornext four years, thereafter , a fall in the growth to15% for an indefinite period, the resent paid dividend wa K3. 50 per share.

Required rate of return=20%

Calculate the value of this common stock(10marks)

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