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4)Grott and Perrin, Inc., has expected earnings of $3 per share for next year. The firm's ROE is 20%, and its earnings retention ratio is

4)Grott and Perrin, Inc., has expected earnings of $3 per share for next year. The firm's ROE is 20%, and its earnings retention ratio is 70%. If the firm's market rate of return is 15%, what is the present value of its growth opportunities? What is the market value per share of Grott and Perrin, Inc.?

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