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Consider the following scenario for Provence Limited (PVC Ltd). PVC Ltd's most recently paid annual dividend was $0.55 per ordinary share. PVC Ltd ordinary shares

Consider the following scenario for Provence Limited (PVC Ltd). PVC Ltd's most recently paid annual dividend was $0.55 per ordinary share. PVC Ltd ordinary shares currently sell for $16.80 in the stock market. Estimated constant growth rate of earnings and dividends is 2.5% per year, while the required rate of return (based on CAPM) is 5.8% per year

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