What is new crest share price

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Newcrest Mining Limited will retain 40% of its expected earnings per share of $0.25. If Newcrest’s earnings per share are expected to grow at 2.25% p.a. into perpetuity and the required rate of return of it’s equity holders is 8.5% p.a. what is New Crest’s share price:

Reference no: EM131839801

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