What is the current price for this share

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Question - Peter North is interested in buying shares in Lynas Ltd. which is growing at a constant rate of 4 per cent. Lynas Ltd. just paid a dividend of $1.75. The required rate of return is 11 per cent.

(a) What is the current price for this share?

(b) What would be the price of this share in three years?

Reference no: EM132831868

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