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CMW Cola is a large mature firm with total assets of $50 billion, total equity value of $30 billion, and 200 million shares outstanding. Last
CMW Cola is a large mature firm with total assets of $50 billion, total equity value of $30 billion, and 200 million shares outstanding.
Last year, CMW made $2.2 billion in net income and paid dividends of $1.8 billion. Use the firm's ROE as aproxy for itsexpected rate of return on equity. What is the firm's value per share according to the steady-state dividend model?
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