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  3. telstra had a fcfe of $1.8b last year and has 3.6b

Telstra had a FCFE of $1.8b last year and has 3.6b shares outstanding. Telstra's required...

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Telstra had a FCFE of $1.8b last year and has 3.6b shares outstanding. Telstra's required return on equity is 12% and WACC is 9.8%. If FCFE is expected to grow at 9% forever, the intrinsic value of the Telstra's share is closest to A. $18.17 3. $10.76 C. $26.35 D. $68.13

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