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#5 Suppose the risk-free rate is 3.40% and an analyst assumes a market risk premium of 6.10%. Firm A just paid a dividend of $1.07

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#5 Suppose the risk-free rate is 3.40% and an analyst assumes a market risk premium of 6.10%. Firm A just paid a dividend of $1.07 per share. The analyst estimates the B of Firm A to be 1.49 and estimates the dividend growth rate to be 4.24% forever. Firm A has 282.00 million shares outstanding. Firm Bjust paid a dividend of $1.76 per share. The analyst estimates the B of Firm B to be 0.81 and believes that dividends will grow at 2.77% forever. Firm B has 183.00 million shares outstanding. What is the value of Firm B? Submit Answer format: Currency: Round to: 2 decimal places

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