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Hallford corporation expects to have earnings this coming year of $2.691 per share. Halford plans...

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Finance

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Hallford corporation expects to have earnings this coming year of $2.691 per share. Halford plans retain all of its earnings for the next two years. then for the subsequent two years the firm will retain 51% of its earnings. it will retain 20% of its earnings from that point onward. each year retained earnings will be invested in new projects with expected return of 24.8% per year. any earnings that are not retained will be paid out as dividends. assume Hallford share count remains constant and all earnings growth comes from the investment of retained earnings. if Halford's equity cost of capital is 8.7% or price with estimate for Helfred stock
the stock price will be $?
estmate for Harifard stock? The stok pries will be s (Round to the nearest certe)

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