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ACME has EPS of $20.00 per share. It has a retention ratio of 80% and its dividend is expected to grow at a rate of

ACME has EPS of $20.00 per share. It has a retention ratio of 80% and its dividend is expected to grow at a rate of 10 %. If the ACME shareholders require a return of 15%, then the stock price is closest to: b. $88.00 d. $110.00 a. $80.00 c. $108.00

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