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7. A company that is currently enjoying a 12.5% growth rate expects to pay dividends of P4.50 per share for its common stock offerings. If

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7. A company that is currently enjoying a 12.5% growth rate expects to pay dividends of P4.50 per share for its common stock offerings. If the estimated cost of capital for the company is 20%, determine the price for which the stocks should be offered

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