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A company expects to sell its shares at R10 each and to pay a dividend (D1) of 5...
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A company expects to sell its shares at R10 each and to pay a dividend (D1) of 50 cents per share at the end of the first year. Flotation costs will amount to 20 cents per share. The growth rate (g) in dividends is expected to be 10%. The cost of new ordinary shares is ...
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