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Refresh Ltd has just paid a $2 dividend. The divided is expected to grow at 6 per cent for the next 3 years. After that,

Refresh Ltd has just paid a $2 dividend. The divided is expected to grow at 6 per cent for the next 3 years. After that, the growth rate will be 5 per cent indefinitely. If the required return is 20 per cent, what is the current value of s share today?

A.$25.01

B.$25.33

C.$14.36

D.$21.55

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