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Given the following information about Reliance Ltd., what is the required rate of return of its ordinary shareholders? The expected growth rate of dividends is

Given the following information about Reliance Ltd., what is the required rate of return of its ordinary shareholders? The expected growth rate of dividends is 6.0 percent p.a., the current market price of its ordinary share is $48.50 and the last dividend paid to the firms ordinary shareholders was $3.12.

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