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Newcrest Mining Limited will retain 40% of its expected earnings per share of $0.25. If Newcrests earnings per share are expected to grow at 2.25%

Newcrest Mining Limited will retain 40% of its expected earnings per share of $0.25. If Newcrests earnings per share are expected to grow at 2.25% p.a. into perpetuity and the required rate of return of its equity holders is 8.5% p.a. what is New Crests share price:

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