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Your client is considering buying shares of an international company whose details are as follows: Beginning FCFE: P40. k = 0.09 Growth rates: Years 1-3

Your client is considering buying shares of an international company whose details are as follows: Beginning FCFE: P40.

k = 0.09

Growth rates: Years 1-3 is 9%, Years 4-6 is 8% and year 7 and beyond is 7%. Estimate the value of the share using the 3-period dividend growth model.

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