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A fast growth share has the first dividend (t=1) of $2.61. Dividends are then expected to...

A fast growth share has the first dividend (t=1) of $2.61. Dividends are then expected to grow at a rate of 10 percent p.a. for a further 3 years. It then will settle to a constant-growth rate of 2.1 percent. . If the required rate of return is 19 percent, what is the current price of the share? (to the nearest cent)

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