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A firm JUST booked a net income of $500 million. It is expected to grow at 5% every year forever. The firm has a constant
A firm JUST booked a net income of $500 million. It is expected to grow at 5% every year forever. The firm has a constant payout policy of paying 10% dividend out of its net income. Its cost of equity is 20%. It has 5 million shares outstanding. What should be the fair stock price now? $28.5 $52.5 $65 $103
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