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Vision Ltd. has recently paid its annual dividend of $2. The firm is expected to grow at 20% per year for the next three years
Vision Ltd. has recently paid its annual dividend of $2. The firm is expected to grow at 20% per year for the next three years due to its leading position in developing a mobile application for e-commerce. After 3 years of high growth, the firm is expected to grow into the future at a constant rate of 6% per year. Estimate the share value of the firm if the market required rate of return is 12% p.a.
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