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29. Suppose the risk-free rate is 1.34% and an analyst assumes a market risk premium of 7.60%. Firm A just paid a dividend of $1.36

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29. Suppose the risk-free rate is 1.34% and an analyst assumes a market risk premium of 7.60%. Firm A just paid a dividend of $1.36 per share. The analyst estimates the of Firm A to be 1.33 and estimates the dividend growth rate to be 4.16% forever. Firm A has 281.00 million shares outstanding. Firm Bjust paid a dividend of $1.60 per share. The analyst estimates the of Firm B to be 0.70 and believes that dividends will grow at 2.08% forever. Firm B has 194.00 million shares outstanding. What is the value of Firm A? Submit Answer format: Currency: Round to: 2 decimal places

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