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A firm has a price-earnings ratio of 37 and expected annual earnings of $38,000. Suppose that earnings are representative of cash flows. The relevant interest

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A firm has a price-earnings ratio of 37 and expected annual earnings of $38,000. Suppose that earnings are representative of cash flows. The relevant interest rate is 8%. Part 1 Attempt 2/10 for 9.5 pts. Attempt 1/10 for 10 pts. Part 2 What is the implicit growth rate

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