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b. Firm A is having a policy of distribute 30% of the earning as dividend. Calculate the required growth rate of the firm if it

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b. Firm A is having a policy of distribute 30% of the earning as dividend. Calculate the required growth rate of the firm if it aims to have price-earning ratio of 5 at the market rate of 8%, 12% and 16%. Why would the required growth rate change? (10 marks)

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