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Shunlee Steel Industries trades on the Hang Sang Stock Exchange has just paid a dividend (at t=0) of HKD $$4.1 per share. The growth rate
Shunlee Steel Industries trades on the Hang Sang Stock Exchange has just paid a dividend (at t=0) of HKD$$4.1 per share. The growth rate is projected to be 11% for next 33 years before dropping back to the industry average of 3.4% for the foreseeable future. If the equity cost of capital is 16.6%, what are its shares trading for at present?
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