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Your company paid a dividend of INR 1 . 8 2 last year. The growth rate is expected to be 3 . 5 percent for

Your company paid a dividend of INR 1.82 last year. The growth rate is expected to be 3.5 percent for first year, 5.2 percent the next two years, then 6.1 percent for the following year, and then the growth rate is expected to be a constant 7,5 percent thereafter. The required rate of retum on equity (ke) is 9 percent. What is the current stock price?

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