Question: Please show all work if possible I would really appreciate it! XYZ is in an extremely competitive market, competing with the likes of China and

Please show all work if possible I would really appreciate it!

XYZ is in an extremely competitive market, competing with the likes of China and India. Financial analysts predict that both earnings and dividends will probably decline at a rate of 5% annually into the foreseeable future. If XYZs last annual dividend was $2 per share, and if investors required rate of return is 15%, calculate XYZs share price in three years time.

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