Find what is the current value of the firm shares

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Problem 1: Due to the current global economic conditions, Canary Ltd stopped its dividend payments. Dividends of $3.50 are expected to re-commence in 6 years and are expected to increase at a rate of 5% per year thereafter. If the required rate of return is 11%, what is the current value of the firm's shares?

Reference no: EM132935453

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