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NORDAM Group, a firm that specializes in the design and manufacturing of aircraft components, has...

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NORDAM Group, a firm that specializes in the design and manufacturing of aircraft components, has 130 million shares outstanding and analysts expect NORDAM to have earnings of $480 million this coming year (t-1). NORDAM plans to pay out 54% of its earnings in dividends and they expect to use another 14% of their earnings to repurchase shares NORDAM's equity cost of capital is 10%. Its earnings are expected to grow at a rate of 3% per year and these payout rates are expected to remain constant. What is the value of one share of NORDAM stock today? O A. $52.75 OB. $35.87 OC. $7.38 OD. $25 11 O E. $28.48 OF. None of the above answers is within 50 05 of the correct

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