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WEGrow Inc. is not currently paying a dividend. You predict that, in seven years (i.e., at t=7), WEGrow Will pay a dividend for the first

WEGrow Inc. is not currently paying a dividend. You predict that, in seven years (i.e., at t=7), WEGrow Will pay a dividend for the first time. The dividend will be $0,50 per share. You expect that this dividend will grow at a rate of 6% per year indefinitely. The required return on companies such as WEGrow is 19% per annum. What is the value of an ordinary share today? Ignore all taxes and transactions costs, and round your answer to the nearest penny. 


Options: 


A $1.21 


B $1.29 


C $1.35


D $1.61 


E None of the above is correct.

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