Question: Beta Ltd. is expected to increase its dividend by 15% in one year, 13% in two years, and 9% in three years. After that, its

Beta Ltd. is expected to increase its dividend by 15% in one year, 13% in two years, and 9% in three years. After that, its dividends will increase at a constant rate of 4% per year forever. Its last dividend paid was $3. The required rate of return for Beta Ltd. is 10%. What is the value of its share today?

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