Determine and calculate hm share price today

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Hitech Media Limited (HM) used local and international research to its advantage and created products which provided an exceptional competitive position for the firm. Industry competitors are expected to catch up with HM in three years. The company expects it will enjoy growth of 12% in the first year, 11% in the second year, and 9% in the third year, after which it will have a constant growth of 4% forever. The company last paid a dividend of $3.60 per share and expects that the dividends will grow at the same rate as its profits. The cost of capital is 8%.

Question 1: Determine and Calculate HM's share price today(P0)

Reference no: EM132553234

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