4. A firm has 8,000,000 ordinary shares outstanding. The current market price is 25 and the book...

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4. A firm has 8,000,000 ordinary shares outstanding. The current market price is 25 and the book value is 18 per share. The firm's earnings per share is *3.60 and dividend per share is *1.44. How much is the growth rate assuming that the past performance will continue? Calculate the cost of equity capital.

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