Thanks 4 0/1 point A firm expects next year's EPS to be $7.19....
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4 0/1 point A firm expects next year's EPS to be $7.19. Its dividend payout ratio is 0.7 and it will reinvest the remainder of earnings in projets with expected return of 18%. If the stock's required rate of return is 13.6%, what is a fair price for the stock today? Round your answer to the nearest penny. Inn answers
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