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Shareholders require a 15% return on their shares and a company has just paid a dividend of 0.80 per share. Over the past four years,
Shareholders require a 15% return on their shares and a company has just paid a dividend of 0.80 per share. Over the past four years, the company has paid dividends of 0.68, 0.73, 0.74, and 0.77 per share (most recent dividend last). Provide your best estimate of the fair price for the share using the dividend growth model.
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