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In the following questions, unless otherwise stated, assume that all cash flows are end-of-the-period cash...

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In the following questions, unless otherwise stated, assume that all cash flows are end-of-the-period cash flows. Question 13 1 pts NBC Ltd has just announced that it plans raise its dividends next year from $3.00 to $4.00 per share. Before this announcement, the company's dividends were expected to grow at 10% per annum forever and its shares were trading at $20.00 per share. After the announcement, the company's dividends are expected to grow at 7% per annum forever. Assuming that the required return on the company's shares is unchanged, the company's share price after the announcement will be closest to: O The price cannot be calculated without additional information O $22.20. O $16.00 $40.00

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