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2 points Dillard Company has a dividend payout ratio of 0.9 , and the firm reinvests the remainder of earnings in projects with expected return

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2 points Dillard Company has a dividend payout ratio of 0.9 , and the firm reinvests the remainder of earnings in projects with expected return of 17%. If you expect next year's EPS (EPS 1) to be $6.80 and investors require a return of 14.1%, what is a fair price for the stock today? Round your answer to the nearest penny

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