What is the current value of the share

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Question - Gate Ltd is a door manufacturer and there shares are listed on the stock exchange. The company last paid a dividend of $0.55 on its ordinary shares. The company's dividends are expected to grow at a constant rate of 2.5% per annum indefinitely. If the required rate of return is 7%, what is the current value of the share?

Reference no: EM133150242

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