A company’s dividend grows at a constant rate of 3 percent p.a.. Last week it paid a dividend of $1.56. If the required

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answerhappygod
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A company’s dividend grows at a constant rate of 3 percent p.a.. Last week it paid a dividend of $1.56. If the required

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A company’s dividend grows at a constant rate of 3 percent p.a..
Last week it paid a dividend of $1.56. If the required rate of
return is 19 percent p.a., what is the price of the share 3
years from now? (round to nearest cent)
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