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The annual expected dividend of a firm is 3 . The risk - adequate discount rate is 8 % p . a . So the

The annual expected dividend of a firm is 3. The risk-adequate discount rate is 8% p.a. So the fair price of one share is 37.5. And now the government introduces a tax which is 0,20 initially and increases by 2% each year. What is the new fair price of one share?

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