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Question: profit per share in a certain company is pln 4...

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Profit per share in a certain company is PLN 4, and the company plans to pay out to its owners in the form of a PLN 2PLN dividend from each share held at the end of the year. Assuming that the companys profits grow 5% per year indefinitely, and the company intends to continue to pay 50% of profits in the form of a dividend, find the selling price of the shares if the rate of return is 8%.
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