Question: A company has its share currently selling at $13.42 and pays dividends annually. The company is expected to grow at a constant rate of 3

A company has its share currently selling at $13.42 and pays dividends annually. The company is expected to grow at a constant rate of 3 percent pa.. If the appropriate discount rate is 14 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)? Answer:

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