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6 . Aaron Inc. has 3 0 3 million shares outstanding. It expects earnings at the end of the year to be $ 6 3

6.
Aaron Inc. has 303 million shares outstanding. It expects earnings at the end of the year to be $630 million. The firm's equity cost of capital is 10%. Aaron pays out 50% of its earnings in total: 30% paid out as dividends and 20% used to repurchase shares. If Aaron's earnings are expected to grow at a constant 7% per year, what is Aaron's share price?
A. $17.33
B. $69.30
C. $34.65
D. $51.98
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