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3. GROWTH, Inc.'Snext Year Farming is Expected to be* $6 PER Share. The company' Days out {` of its Earning as dividend . Both dividends

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3. GROWTH, Inc.'Snext Year Farming is Expected to be* $6 PER Share. The company' Days out {` of its Earning as dividend . Both dividends and Earnings are EXPECTEd TO FLOW LY 14% a Year for the first 5 years , and grow by 49' a year indefinitely thereafter . STABLE, Inc. is like GROWTH in all respects Except that its growth will stop after Year 5. In Year band afterward, it will pay out all earnings as dividends . The discount rate [kj for both companies is $!` ( a) What are the values for each company's I'D ; What are the PIE ratios for each company

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