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Section B (2 Mark)If JVM Industries pays dividend of Rs.

Section B (2 Mark)

If JVM Industries pays dividend of Rs.6 per share which is growing at a 8 percent rate per year and is expected to grow at the same rate in future. Its required rate of return is 16%. Determine its share price.

A.

Rs. 55.75

B.

Rs. 79.50

C.

Rs. 81.00

D.

Rs. 65.25

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