What is the share price using the dividend growth model

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Question - This year Antietam Limited had a Net Income of R12 million a year and a dividend payout ratio of 30%. The company expects to grow at 10% pa for three years then at GDP rate of 3% a year. The required rate of return is 12% a year, debt is 30% of equity and the number of shares in issue is 4 million. What is the share price using the dividend growth model?

Reference no: EM133085833

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