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GSK has a historical dividend payout of 0.50 per year. For the current year GSK will pay a dividend of 0.50 and that this will

GSK has a historical dividend payout of 0.50 per year. For the current year GSK will pay a dividend of 0.50 and that this will grow thereafter by 5 percent per annum in perpetuity. If the relevant discount rate is 10 percent, how much should you pay for GSK equity?

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