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Leslies Unique Clothing Stores offers an ordinary share that pays an annual dividend of R2,00 a share. The company has promised to maintain a constant

Leslies Unique Clothing Stores offers an ordinary share that pays an annual dividend of R2,00 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share if you want to earn 12 per cent return on your equity investments?

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