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You are selling one of the companies in your conglomerate. The company is projected to pay a dividend of $4.95 per share at the end

You are selling one of the companies in your conglomerate. The company is projected to pay a dividend of $4.95 per share at the end of one year from now. The dividend is expected to grow by 2% by the end of year two and similarly every year thereafter. The appropriate risk adjusted discount rate is 10% per year. How much are you prepared to pay per share?

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