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  3. currently a firm is earning $6 per share. the pay-

Currently a firm is earning $6 per share. The pay-out ratio is 60% and it...

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Finance

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Currently a firm is earning $6 per share. The pay-out ratio is 60% and it will remain same. If the ROE of the firm is 15% and required rate of return on equity is 13%, find the price of stock 10- years from now. a. $ 51.43 b. $ 54.51 c. $ 92.10 d. $97.63

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