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Venus Limited has just paid a dividend of $ 2 per share. The dividends are expected to grow at 1 7 % per year for

Venus Limited has just paid a dividend of $

2

per share. The dividends are expected to grow at

17 %

per year for the next two years and at

2 %

per year thereafter. If the required rate of return in the stock is

9 %,

calculate the current value of the share. Please write the answer in two decimal places.

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