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QUESTION 1 An analyst estimates the earnings per share (EPS) of Pula Innovation in five years to be R 2.10, the EPS in six years

QUESTION 1

An analyst estimates the earnings per share (EPS) of Pula Innovation in five years to be R 2.10, the EPS in six years to be R 2.32 and the median trailing industry P/E to be 30. Calculate the terminal value in year five.

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