Question: JAH Ltd does not currently pay a dividend, but you expect that it will begin paying $0.50 per share dividend at the end of year

JAH Ltd does not currently pay a dividend, but you expect that it will begin paying $0.50 per share dividend at the end of year 2. The dividend is expected to grow at 20% per year for 3 years, and then slow to a sustained growth rate of 4% per year thereafter. The market opportunity rate for investor in JAH shares is 13% p.a. What is the price per share today that you expect JAH shares to sell at?

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