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. The dividend for Webb Constructions ordinary shares is expected to be $1.00 next year. Growth in this dividend is expected to be 9% for
. The dividend for Webb Constructions ordinary shares is expected to be $1.00 next year. Growth in this dividend is expected to be 9% for the following two years; then it will drop to 5% for years 4 and 5, after which it is expected to be 3% to infinity. If the required rate of return on this firms ordinary shares is 13%, what is the approximate current market value of the share?
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