What is current stock price of line enterprises

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Problem 1: Line Enterprises has an expected dividends to pay at the end of the year, P2.25 per share. The company is planning to pay the same dividend each of the next 2 years and will then increase the dividend to P3 for the subsequent 2 years. After that time, the dividends will grow at a constant rate of 5% per year. The required return on s ordinary share of Line Enterprises is 11% per year. What is its current stock price of Line Enterprises?

Reference no: EM132831246

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