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Jasper has just bought a share in a company that is expected to start paying div...
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Jasper has just bought a share in a company that is expected to start paying dividends at the end of next year. The expected dividend for the next four years are as follows: R12, R10, R6 and R3. You expect to sell the share for R45 at the end of a four-year period. What is the share currently worth, assuming a required return of 12%?
50%
0%
0%
50%