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A firm has a policy of paying 40 percent of its profit as a dividend, and the next year's profit is estimated at 140 lira
A firm has a policy of paying 40 percent of its profit as a dividend, and the next year's profit is estimated at 140 lira per share. If the growth rate of the profit is 6 percent and the capital cost of the firm is 11 percent, what should be the value of this share.
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