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A stock will generate earnings of $8 per share this year. The required rate of return for the stock is 18% and the rate of

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A stock will generate earnings of $8 per share this year. The required rate of return for the stock is 18% and the rate of return on reinvested earnings is 20%. Find the price of the stock if the company reinvests 40% of its earnings in the firm each year. 40.00 50.00 42.17 48.00

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