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A stock will generate eamings of 56 per share this year. The required rate of return for the stock is 15% and the rate of

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A stock will generate eamings of 56 per share this year. The required rate of return for the stock is 15% and the rate of return on reinvested eamings is 20%. Find the price of the stock if the company reinvests 30% of its earnings each year. $18.93$14.67$46.67$27.42

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