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The last dividend on Spirex Corporation's ordinary shares was R4.00, and the expected growth rate is 10 percent. If you require a rate of return

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The last dividend on Spirex Corporation's ordinary shares was R4.00, and the expected growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this share? Select one: : a. R40.00 b. R45.69 C. R44.00 d. R38.50 e. R50.00

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