Question: Equity analysts forecast that QGL will pay its first dividend of 10 cents per share in the year 2027 with a dividend growth of 5%

Equity analysts forecast that QGL will pay its first dividend of 10 cents per share in the year 2027 with a dividend growth of 5% p.a. thereafter. What is a fair price for an QGL share in 2024? Using excel calculations, For example: =6-3+(7*((1.25)^4)).

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