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Signing in is free, and opens the June 2026 paper with full answers.
X Limited just declared a dividend of Rs 14.00 per share. Mr. B is planning to purchase the share of X Limited, anticipating increase in growth rate from 8% to 9%, which will continue for three years. He also expects the market price of this share to be Rs. 360 after three years.
You are required to determine: The maximum amount Mr. B should pay for shares, if he requires a rate of return of 13% per annum.
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