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A company has the following financial information available: Share capital in issue: 4 million ordinary shares at a par value of $0.50 Current dividend per
A company has the following financial information available: Share capital in issue: 4 million ordinary shares at a par value of $0.50 Current dividend per share: $0.24 Dividend four years ago: $0.1525 Current equity beta: 0.8 You also have the following market information: Current market return: 15% Risk-free rate: 8% Required: Calculate the market capitalization of the company.
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