Question: The next dividend on Google share is expected to be $3. This dividend is expected to grow at a rate of 5% p.a. for the

The next dividend on Google share is expected to be $3.

The next dividend on Google share is expected to be $3. This dividend is expected to grow at a rate of 5% p.a. for the next two years, after which it is expected to grow at a constant rate of 3% p.a. in perpetuity. The required rate of return is 15% p.a. What is the current price of Google share

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