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Woolworths just paid a dividend of $ 4 per share. The dividends are expected to grow at a constant rate of 5 % per year

Woolworths just paid a dividend of $

4

per share. The dividends are expected to grow at a constant rate of

5 %

per year indefinitely. If the investors require a return of

9 %

per share, what is the current price of the share? What is the price expected to be in four years?

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