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The expected divided per share on the equity share of MG Limited is $ 2. The dividend per share of MG Limited has grown over

The expected divided per share on the equity share of MG Limited is $ 2. The dividend per share of MG Limited has grown over the past five years at the rate of 5 percent per year. This growth rate will continue forever in future. What is a fair estimate of the intrinsic value of the equity share of MG Limited if the required rate is 15 percent?

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