Snowy Ltd paid $2 dividend per share in the last year (t=0) and will increase the dividend by 10% in the next year (t=1). You believe the growth rate of the dividend will revert to 3% p.a. forever after the next dividend is paid. If the required rate of return is 13%, the current share price of Snowy should be closest to:

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To solve this problem we need to find the current share price of Snowy Ltd using the d... View the full answer