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The last dividend (D0) for Company Meera is RM1.80. The growth rate (g) is 6 percent and required rate of return (k) is 12 percent.

The last dividend (D0) for Company Meera is RM1.80. The growth rate (g) is 6 percent and required rate of return (k) is 12 percent. What is the stock price according to the constant growth dividend model? (3 marks)

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