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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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