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rontline LTD is expected to pay a dividend worth $3.24 per share next year. Historically, their dividends have grown at 2.25% per year. If the

rontline LTD is expected to pay a dividend worth $3.24 per share next year. Historically, their dividends have grown at 2.25% per year. If the required return is 11.75%, what price would you expect per share of Frontline?

Multiple Choice

  • $28.19

  • $38.11

  • $34.11

  • $34.87

  • $160.92

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