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Assuming a constant dividend payout ratio, constant return on equity ROE, and constant growth rate. Currently, the company pays out $2 dividend per share when

Assuming a constant dividend payout ratio, constant return on equity ROE, and constant growth rate. Currently, the company pays out $2 dividend per share when it earns $10 in EPS. The book value of equity or total equity divided by shares outstanding is $100 per share. What is the estimated value of the stock if the required return is 15% Hint: Use Constant Growth Model

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