Question: 2. Current dividend = $1.80, required return = 11%, dividends are expected to grow at 8% annually for 5 years and followed by 0% growth

2. Current dividend = $1.80, required return = 11%, dividends are expected to grow at 8% annually for 5 years and followed by 0% growth in year 6 to infinity. Find out the price of the share. (5)

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