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The current dividend per share (D0) is 17. The earnings per share next year (E1) is expected to be 22. Current dividend payout ratio will

The current dividend per share (D0) is 17. The earnings per share next year (E1) is expected to be 22. Current dividend payout ratio will be maintained forever. The ROE of the stock is 20%. The Risk free rate and appropriate market risk premium is 5% and 8% respectively and the beta of the stock is 1.5. Find current share price

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