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Sanders Ltd, has just paid a $4.00 dividend per share and is expected to continue to pay out 60% of its earnings as dividends for

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Sanders Ltd, has just paid a $4.00 dividend per share and is expected to continue to pay out 60% of its earnings as dividends for the foreseeable future. The firm is expected to generate a 13% return on equity in the future, and if you require a 15% return on the share, the value of the share is

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