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abc Ltd provides the following information about the firm. It has 20 million ordinary shares outstanding, ordinary issued capital of $45.0 million and retained earnings

abc Ltd provides the following information about the firm. It has 20 million ordinary shares outstanding, ordinary issued capital of $45.0 million and retained earnings of $17.5million. The current market price of the ordinary shares is $1.50 per share. The beta of ordinary shares is 1.5, the market risk premium is 8% p.a. and the riskfree rate is 6% p.a. The firm

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