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Group Ltd. is expected to pay a dividend of R1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per

Group Ltd. is expected to pay a dividend of R1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5% and the expected return on the market portfolio is 13%. The share of Clicks Group Ltd. has a beta of 1.2. What is the intrinsic value of Clicks Group Ltd.s share?

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