Question: Question 2 [8 Marks] Exxon Mobile expects its earnings and dividends to increase by 7 percent per year over the next 6 years and then

Question 2 [8 Marks] Exxon Mobile expects its earnings and dividends

Question 2 [8 Marks] Exxon Mobile expects its earnings and dividends to increase by 7 percent per year over the next 6 years and then to remain constant thereafter The Company currently pays dividends of R5 per share Required: Determine the value of a share of Exxon Mobile to an investor with a 12 percent required rate of returno

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