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Question 5 [14 Marks] The Seneca Maintenance Company currently (that is, as of year 0) pays a common share dividend of R1.50 per share. Dividends

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Question 5 [14 Marks] The Seneca Maintenance Company currently (that is, as of year 0) pays a common share dividend of R1.50 per share. Dividends are expected to grow at a rate of 11% per year for the next four years and then to continue growing thereafter at a rate of 5% per year. Required: What is the current value of a share of Seneca common share to an investor who requires a 14% rate of return

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