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Peter Rabbit Company Ltd is expected to pay adividend of $1.32 next year. The forecast for the share price ayear from now is $21.50. If

Peter Rabbit Company Ltd is expected to pay adividend of $1.32 next year. The forecast for the share price ayear from now is $21.50. If the required rate of return is 10.5 per cent, what is the current share price? Assume constant growth. 

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