Question: Basil Pty Ltd expected its share price a year from now is $25.50. The company is expected to pay a dividend of $2.23 next year.

Basil Pty Ltd expected its share price a year from now is $25.50. The company is expected to pay a dividend of $2.23 next year. Assume a constant growth, what is the current price of this share if the required rate of return is 15%

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