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Company T is expected to earn $2.30 per share next year and have a payout ratio of 30%. If Company T has a return on
- Company T is expected to earn $2.30 per share next year and have a payout ratio of 30%. If Company T has a return on equity of 10% p.a., yet the markets required rate of return is 9% p.a., the present value of growth opportunities (PVGO) reflected in Company Ts stock price should be closest to:
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