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Earnings per share is expected to be 2.24 next year with a growth rate of 4%. The company has a beta of 1.30 and

 

Earnings per share is expected to be 2.24 next year with a growth rate of 4%. The company has a beta of 1.30 and it plans to retain 75% of it's earnings. The risk-free rate is 2% and the market risk premium is 5%. Using the constant dividend discount model, what is the value of the stock?

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