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An analyst gathered the following data about a company: A historical dividend payout ratio of 40% that is projected to continue into the future. A

An analyst gathered the following data about a company:

A historical dividend payout ratio of 40% that is projected to continue into the future.

A sustainable return on equity of 10%.

A beta of 1.3.

The nominal risk-free rate is 5%.

The expected market return is 10%.

If next years EPS is $2.15 per share, what should be estimated price for this stock? $__________

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