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7) Fincorp will pay a year-end dividend of $2.40 per share, which is expected to grow at a 4% rate for the indefinite future. The

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7) Fincorp will pay a year-end dividend of $2.40 per share, which is expected to grow at a 4% rate for the indefinite future. The discount rate is 12%. What is the stock selling for? If earnings are $3.10 a share, what is the implied value of the firm's growth opportunities

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