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1 . Assume the growth rate is the year - over - year average growth rate of the BISX All Share Index over the last

1 .

Assume the growth rate is the year

-

over

-

year average growth rate of the BISX All Share Index over the last

5

years for Commonwealth Brewery Limited

2 .

Value Commonwealth Brewery Limited assuming the growth rate is maintained for

4

years after which the company reverts to a constant growth rate of

3 % ?

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