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10. A firm's earnings and dividends per share are expected to grow constantly by 3%...

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10. A firm's earnings and dividends per share are expected to grow constantly by 3% a year. If next year's dividend is 0.65 per share and the market capitalisation rate is 7%, what is the current price of the share? a. 9.29 b. 21.29 16.25 d. 28.25

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