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ABC Inc. expects to have $125 million in earnings in the coming year, and earnings are expected to grow at 6% annually thereafter. The firm
ABC Inc. expects to have $125 million in earnings in the coming year, and earnings are expected to grow at 6% annually thereafter. The firm does not pay any dividends, but it intends to use 25% of its earnings for stock repurchases. Montalvans cost of equity is 15%, and it has 25 million shares outstanding. What is Montalvans stock price
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