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Eastbridge Company's common stock recently paid a dividend of $2.50. Investors require a 12% rate of return on this stock. Eastbridge earns a 15% return
Eastbridge Company's common stock recently paid a dividend of $2.50. Investors require a 12% rate of return on this stock. Eastbridge earns a 15% return on equity. The form pays 60% of its earnings as dividends, and reinvests 40% of earnings in the firm. What is the value of the stock? $27.78 $41.67 $90.83 O $44.17 O $66.67
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