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You are interested in investing in a company that expects to grow steadily at an annual rate of 7 percent for the foreseeable future. The

You are interested in investing in a company that expects to grow steadily at an annual rate of 7 percent for the foreseeable future. The company just paid a dividend of $2.10. If your required rate of return is 11.2 percent p.a., what is the most you would be willing to pay for this share?

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