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A firm has projected earnings of $7 per share for next year and has a 60% dividend payout ratio. The firm's required return is 13%.
A firm has projected earnings of $7 per share for next year and has a 60% dividend payout ratio. The firm's required return is 13%. The firm's ROE is 14%. What is the intrinsic value of the stock?
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
