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What is the current share price-vivendi sa

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Reference no: EM132684914

Vivendi SA pays a constant €1.46 dividend on its equity. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever.

Required: If the required return on this equity is 9 per cent, what is the current share price? (Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 1%.)

Reference no: EM132684914

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