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ABC Firm reports an earnings per share of $4.80. 75% of the earnings is permanent, 20% is transitory, while 5% is value irrelevant. Assuming a

ABC Firm reports an earnings per share of $4.80. 75% of the earnings is permanent, 20% is transitory, while 5% is value irrelevant. Assuming a 10% risk-adjusted cost of capital, calculate the expected stock price for this firm.

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