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A share Alex brought share will pay its first dividend of $1.90 in one year....

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Accounting

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A share Alex brought share will pay its first dividend of $1.90 in one year. The dividend will be paid every year at a constant growth rate of 5% p.a. The rate of return is 13% p.a. effective. Calculate the price of the share in 2 years using the dividend discount model (DDM)

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