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Techno Logic Ltd has just made a dividend payment of $1, and plans to maintain the...

Techno Logic Ltd has just made a dividend payment of $1, and plans to maintain the same amount for the next 10 years. From that point onwards, the company will increase the dividend by 5% per year into the future. If Techno Logic shareholders require a return of 12% per year, what is the value of Techno Logic shares today? (Note: the value of shares is the present value of all future dividends.)

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jeff jeffy answered 1 year ago
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