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Assume that a firm has just reported an EPS of $6 and expects to maintain a 50% payout ratio. Estimate the firm's market price, assuming

Assume that a firm has just reported an EPS of $6 and expects to maintain a 50% payout ratio. Estimate the firm's market price, assuming its ROE is 13% and investors require a 10% return on their shares. O $7.69 O $6.42 $49.38 O $16.50

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