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Company A ' s common shares are currently selling for $ 2 2 per share and its EPS is expected to be $ 2 next

Company A

'

s common shares are currently selling for $

22

per share and its EPS is expected to be $

2

next year, and the required rate of return is

12 % .

What is the present value of growth opportunities

(

PVGO

)

per share?

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