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Techworld Ltd is expecting to pay out a dividend of $2.50 next year. After that it expects its dividend to grow 7% for the next

Techworld Ltd is expecting to pay out a dividend of $2.50 next year. After that it expects its dividend to grow 7% for the next 4 years. What is the present value of dividends over the next 5 year period if the required rate of return is 10per cent?

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