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BCG Corporation s recent earnings per share were Rs . 1 2 . 9 0 . Their dividend payout ratio is 2 0 % .

BCG Corporations recent earnings per share were Rs.12.90. Their dividend payout ratio is 20%. Earnings are expected to grow at an average of 6% per year and the companys policy is to maintain the same payout ratio. If investors are requiring a 12% rate of return on this stock, what will they be willing to pay for one share?

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