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The Extreme Reaches Corp last paid a R1.50 per share annual dividend. The company is planning on paying R3, R5, R7.50, R10 a share over

The Extreme Reaches Corp last paid a R1.50 per share annual dividend. The company is planning on paying R3, R5, R7.50, R10 a share over the next four years, respectively. After the dividend will be a constant R2.50 share per year. What is the market price of this share if market rate of return is 15 percent?

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