Question: A share will pay a dividend of $3.2 next year. The dividend will then grow at the rate of 4.6% for one year, and will

A share will pay a dividend of $3.2 next year. The dividend will then grow at the rate of 4.6% for one year, and will then grow at the rate of 2.4% p.a. forever, If the required rate of return is 7% p.a., what is the value of the share?

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