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A stock will generate earnings of $6 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 earnings of $6 per share this year. The required rate of return for the stock is 15% and the rate of return on reinvested earnings is 20%. Find the price of the stock if the company reinvests 30% of its earnings each year. O $14.67 $46.67 O $27.42 $18.93

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