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Stephan is valuing the a company . It has just paid a dividend of $10 per share. this dividend is expected to grow at 15%per year for 5 years. After that , it will grow at 4% in perpetuity. What is the current value of a share if the required return on equity for this type of firm is 12 % per anum?

Please show your workings, and formulas used

Financial Management, Finance

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