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ART has come out with a new and improved product. As a result, the firm...

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ART has come out with a new and improved product. As a result, the firm projects an ROE of 24%, and it will maintain a plowback ratio of 0.15. Its earnings this year will be $2.0 per share. Investors expect a 11% rate of return on the stock. What price do you expect ART shares to sell for in 4 years? Multiple Choice O $3456 O $28.46 $25,54 O O $26.46

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