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Kenny Limited has just announced an ordinary dividend per share of 2 0 p . The past four years dividends per share have been 1

Kenny Limited has just announced an ordinary dividend per share of 20p. The past four years dividends per share have been 13p,14p,17p and 18p (most recent dividend last) and shareholders require a return of 14%. What will typically be a fair price for Kenny Limiteds shares?

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