Question: The next dividend for ABC Limited will be $0.6 per share (D 1 ). Investors require a 11 % return on companies such as ABC

The next dividend for ABC Limited will be $0.6 per share (D₁). Investors require a 11 % return on companies such as ABC Limited. ABC's dividend increases by 4 % every year. Based on the dividend growth model what is the value of ABC Limited shares today? Price to the nearest cent.

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