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A company has a payout ratio of 74% and a return on equity of 37%. It also has a required rate of return of 15%

A company has a payout ratio of 74% and a return on equity of 37%. It also has a required rate of return of 15% and the current dividend (D0) is R2.30. What is the intrinsic value per share of according to the constant growth model?

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