ABC Ltd has just paid a dividend of 10. The dividend is expected to increase by 4

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ABC Ltd has just paid a dividend of ₹10. The dividend is expected to increase by 4 per cent annually. If the appropriate discount rate is 14 per cent, what is the value of its shares? If the price of the share is ₹93.64, what is the market assuming about its growth rate? What rate is it discounting the company’s shares if the price is ₹86.67 and the growth rate remains at 4 per cent?

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