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ART has come out with a new and improved product. As a result, the firm projects an ROE of 29%, and it will maintain a

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ART has come out with a new and improved product. As a result, the firm projects an ROE of 29%, and it will maintain a plowback ratio of 0:5. Its earnings this year will be $3.0 per share. Investors expect a 14% rate of return on the stock What price do you expect ART shares to sell for in 4 years Multiple Choice $3003 O $4062 O $3133 O $3433

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