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All-equity company X will have expected earnings per share next year $2 and expected dividend per share $0.75. The companys required rate of return is

All-equity company X will have expected earnings per share next year $2 and expected dividend per share $0.75. The companys required rate of return is 12%. ROE = 14%. Find intrinsic value per share.

	a.	23.08
	b.	11.11
	c.	15.84
	d.	33.46

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