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PB plc has just paid a dividend of 39.25p per share. Previous dividends have been 4 years ago 30.00p 3 years ago 32.40p 2

PB plc has just paid a dividend of 39.25p per share. Previous dividends have been 4 years ago 30.00p 3 years ago 32.40p 2 years ago 35.40p 1 year ago 36.50p Required What is the estimated cost of equity capital if the share price is 8.31?

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