What is the current market value of caltexs share, Financial Accounting

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What is the current market value of caltexs share

Problem

Caltex's next annual dividend will be $6.25, these dividends are expected to grow at the rate 3% per year for the next 3 years after that the growth rate in dividends will be 5% p.a. in perpetuity. What is the current market value (Price) of Caltex's share if required rate of return is 12% p.a?

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Financial Accounting: What is the current market value of caltexs share

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