Calculate the currentmarket price of the share

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The company has issued 10 million ordinary shares. It has just paid adividend of $4.6 million. That dividend is expected to grow at a rate of 26percent per annum for the next three years, then at a rate of 14 percent in the4th year and at a rate of 5.72 percent per annum forever after that.

Assuming a required rate of return of 15.05 percent, calculate the currentmarket price of the share.

Reference no: EM133204683

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