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  3. a company just paid a dividend of $4 per share. th

A company just paid a dividend of $4 per share. The dividend is expected to...

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Finance

A company just paid a dividend of $4 per share. The dividend is expected to grow at 10% per year for next 5 years. Afterwards, the dividend will decline at 2% per year, forever. If the required rate of return is 12%, then what is the current share price of the company?

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