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Constant growth: Your required rate of return is 21.5 percent. Ninex Ltd has just paid a...

Constant growth: Your required rate of return is 21.5 percent. Ninex Ltd has just paid a dividend of $3.12 and expects to grow at a constant rate of 5.0 percent. What is the expected price of the share three years from now?

(Round all dividends to the nearest cent, round your final answer to the nearest cent, i.e., $14.75)

P3 = $________

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