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this is the question A management consulting company is expecting to pay a dividend of Rs. 12 per share at the end of the year.

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A management consulting company is expecting to pay a dividend of Rs. 12 per share at the end of the year. The dividends have been growing @ 10% per annum and this growth rate is expected to continue. The equity capitalization rate is 12%. Assume that the share is fairly priced in the market. Find out the implicit P/E ratio if the EPS of the company is Rs. 20

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