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Taunggyi & Kakku Railways Ltd has just paid a $3.00 dividend. This dividend is expected to grow at 8% per annum for the next four
Taunggyi & Kakku Railways Ltd has just paid a $3.00 dividend. This dividend is expected to grow at 8% per annum for the next four years. After that, the growth rate will be 3.5% indefinitely. If the required rate of return is 15% p.a., what is the current value of a share today?
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