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3. Assuming the same information as in Question 1 above, what would be the appropriate composite index price level and justified P/E ratio, if the
3. Assuming the same information as in Question 1 above, what would be the appropriate composite index price level and justified P/E ratio, if the period at which the 4.25% growth rate to perpetuity is reached: a). at year 20 ? (10% Marks) b). at year 40 ? (10% Marks)
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