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JP Ltd wishes to calculate its cost of equity and provides the following information. Number of shares: 1,000,000 Nominal value of each share: R2 Market

JP Ltd wishes to calculate its cost of equity and provides the following information. Number of shares: 1,000,000 Nominal value of each share: R2 Market price of each share: R2.80 Last declared dividend: 12% Expected growth rate: 6%

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