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9. (a) Discuss the relevance of cost of capital. What do you mean by implicit and explicit cost of capital? 5+5 (b) A company's share is currently quoted in the market at * 30. The company paid a dividend of 5 per share last year and the investors expect a growth rate of 5% per year. You are required to calculate (i) cost of equity share capital of the company and (ii) the market price per share, if the anticipated growth rate of dividend is 10%. 10