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How much is the share worth today

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Reference no: EM132354638

Dora Trading Co plans to pay a dividend in year 3 of $0.63. The dividend is expected to grow at a constant rate of 5% forever.

An investor requires a return of 17%.

How much is the share worth today? Ignore $ sign in your answer and round your answer to TWO decimal places.

Reference no: EM132354638

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