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5-AEC has an ROE =9%, beta of 1.25, and a plowback ratio of .60. This year's earnings were $4 per share. The estimated market return

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5-AEC has an ROE =9%, beta of 1.25, and a plowback ratio of .60. This year's earnings were $4 per share. The estimated market return is 14%, and T.bills offer a 6% return a) find the price? (4/) b) calculate the present value of growth opportunity (27)

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