MAC$3702$

The following is an extract from the statement of financial position at $31$ March $2016.$

Notes

The historical average issue price of ordinary shares is $250$ cents. The latest known share price is $625$ cents. Kingston Ltd has just declared and paid a dividend of $25$ cents. In line with its stable annual growth, the company is expecting to declare a dividend of $28$ cents for the year ended $31$ March $2017.$

The government bonds $($risk$-$free rate$)$ currently yield $7\%,$ and the company's beta is estimated at $1,2$ while the market risk premium $7,9\%.$

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