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12. Company ABC's dividends are expected to grow at a constant rate. It is expected to pay a dividend of R7 at the end of
12. Company ABC's dividends are expected to grow at a constant rate. It is expected to pay a dividend of R7 at the end of the year. Given a discount rate of 14%, a return on equity (ROE) of 35% and a plowback ratio of 20%, calculate the present value of growth opportunities (PVGO) a. R28.60 b. R37.50 c. -R12.82 d. R49.60 e. R7.73
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