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Farm Supply Company projects annual earnings of $2.02 per share, a return on equity of 16% and a earnings retention ratio of 30%. Its market

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Farm Supply Company projects annual earnings of $2.02 per share, a return on equity of 16% and a earnings retention ratio of 30%. Its market capitalization rate is 19%. What is the current stock value based on the information provided? (Hint: compute the growth rate, 8 . first)

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