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FIN222 Ltd expects earnings next year of $5.5 per share and has a 60% retention rate, which it plans to keep constant. Its cost of
FIN222 Ltd expects earnings next year of $5.5 per share and has a 60% retention rate, which it plans to keep constant. Its cost of equity is 10%, which is also its expected return on new investment. What do you estimate the firms current share price to be?
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