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2. A company recent paid a dividend of K5 per share and it is expected that the dividend will grow by 6% per year. The

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2. A company recent paid a dividend of K5 per share and it is expected that the dividend will grow by 6% per year. The company has an equity beta of 1.8. The expected market return is 15% and the risk free rate is 5%. Calculate the share price. . Discuss the implications of efficient market hypothesis on the prices of financial instruments traded in on the financial markets

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