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last week ,Ken limited published their financial statement and revealed an earnings per share of ksh.8.The directors paid a dividend yesterday ,based on the company

last week ,Ken limited published their financial statement and revealed an earnings per share of ksh.8.The directors paid a dividend yesterday ,based on the company dividend pay out of 75%.The return on equity is currently 20% and its expected to remain so for rye next two years after which it will drop to 16% for the unforeseeable future.Compute the growth rate and value of a single share cost of capital is 20%

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