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A firm has a P/E ratio of 18.5, a payout ratio of 50%, and a required return of 12% per annum. What is an estimate

A firm has a P/E ratio of 18.5, a payout ratio of 50%, and a required return of 12% per annum. What is an estimate of this firm's perpetual earnings growth rate?

An analyst expects earnings per share to grow next year by 5% from its current level of $5.60 per share. What is the expected stock price next year given that the P/E ratio for the stock remains constant at it's current level of 15.0?

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