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A firm's stock price was $25 at the end of trading yesterday. Today, the market learns the firm has accepted a project whose NPV is
A firm's stock price was $25 at the end of trading yesterday. Today, the market learns the firm has accepted a project whose NPV is $196 million. If the firm has 106 million shares outstanding and the stock market is efficient, what is the best guess of today's stock return? Enter your answer as a decimal and show four decimal places. For example, if your answer is 5.35%, enter .0535.
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