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The last dividend paid by Klein Company was R1.00. Klein's growth rate is expected to be a constant 5 percent for 2 years, after which

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The last dividend paid by Klein Company was R1.00. Klein's growth rate is expected to be a constant 5 percent for 2 years, after which dividends are expected to grow at a rate of 10 percent forever. Klein's required rate of return on equity (rs) is 12 percent. What is the current price of Klein's ordinary shares? Select one: a. R50.16 b. R21.00 C. R33.33 d. R58.75 e. R42.25

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