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A firm's return on equity is 28%, its plowback ratio is 0.20, and its earnings per share is $5.0. What is the expected price of
A firm's return on equity is 28%, its plowback ratio is 0.20, and its earnings per share is $5.0. What is the expected price of the stock in 4 years if investors require a 16% rate of return?
$67.94
$47.83
$45.29
$52.83
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