7. A firm's EPS is 10. The firm has a policy of paying 50 per cent of

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7. A firm's EPS is 10. The firm has a policy of paying 50 per cent of earnings as dividends. The required rate of return is 10 per cent. Determine the price of the share under Walter's model if the expected rate of return is (i) 15 per cent; (ii) 10 per cent; (iii) 8 per

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