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Examples Example 1 Shareholder's equity is Example 2 Same as Ex. 1, but now ROE = 15% Number of shares : 100,000 Return on equity

Examples Example 1 Shareholder's equity is Example 2 Same as Ex. 1, but now ROE = 15% Number of shares : 100,000 Return on equity is 20%, pay out ratio 50% and discounting rate 15% Price of the share

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