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Share X is expected to pay a dividend of R8 out of earnings of R28 in one year's time. The company is mature and expected

Share X is expected to pay a dividend of R8 out of earnings of R28 in one year's time. The company is mature and expected to grow at a constant rate forever. If the share is currently trading at R200 and the market capitalisation rate is 9%, calculate the return on equity (ROE) for the share.

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