How much would you pay for a share of the company today

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You expect GDL to pay a dividend of $2 in one year, $4 in two years and $6 in 3 years. After that, you think dividends will grow at a constant rate of 5%. You require a return of 13% to invest in GDL. How much would you pay for a share of the company today? Answer to 2 decimal places, for example 39.12.

Reference no: EM132389628

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