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9. Taxila Fabrics Co. just paid a cash dividend of Rs. 3.24 per share. Investors require a discount rate of 15% from this stock. If

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9. Taxila Fabrics Co. just paid a cash dividend of Rs. 3.24 per share. Investors require a discount rate of 15% from this stock. If the dividend is expected to grow at rate of 8 percent per year constantly forever, what is the value of this stock today (3 Points) Rs. 25 Rs. 40 Rs. 50

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