45-A company earns OMR 20 per share at an internal rate of 8%. The firm has a policy of paying 75% of earnings as dividends. If the required rate of return is 10%, what is the price of the share under...

45-A company earns OMR 20 per share at an internal rate of 8%. The firm has a policy of paying 75% of earnings as dividends. If the required rate of return is 10%, what is the price of the share under Walter model?