What is medex current share per price

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Medex Ltd is a young start up tech company. Medex needs to plowback its earning to fuel growth and no dividend will be paid on the stock over the next nine years. Medex will pay a N10 per share dividend in ten years and will increase dividends by 5.5 percent per year thereafter. If the required return is 12.5 percent, what is Medex's current share per price?

Reference no: EM132541027

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