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ART has come out with a new and improved product. As a result, the firm projects an ROE of 30%, 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 30%, and it will maintain a plowback ratio of 27 030.ts earnings this year will be $20 per share. Investors expect a 13% rate of return on the stock What price do you expect ART shares to sell for in years? Multiple Choice $948 34533 54941 554

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