Question: Please answer this question and finish it in 3 hours, give the detail andexplanationof the every step to me , thank you so much !

Please answer this question and finish it in 3 hours, give the detail andexplanationof the every step to me , thank you so much !

  • A share is currently priced at $32.50.There is the expectation that dividends will continue to grow at a rate of 4 percent per year.The current required rate of return on this share is 12 percent per annum.Therefore the value of its current dividend is:

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