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You are considering investing in ANZ shares in the future. The required rate of return on this share is 20 % and it has just

You are considering investing in ANZ shares in the future. The required rate of return on this share is 20 % and it has just paid a dividend of $1.33. Dividends are expected to grow at a constant rate of 5 per cent. What is the expected price of the share 3 years from now?

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