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The PRT company decides to pay 5.56 percent more dividends in the next year and to maintain the same growth in dividends forever. The company
The PRT company decides to pay 5.56 percent more dividends in the next year and to maintain the same growth in dividends forever. The company has paid $84m ordinary dividend in the current year for its 44m outstanding shares. What would be the value for a PRT share today if the market expects 14.87 percent return from this company? (Important: Round the final answer in dollar to two decimal points
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