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Firm ABC: ROE =20%, Dividend Payout Ratio =60%, and next year's earnings per share =$5.00. Therefore, the expected dividend per share next year is $3.00.
Firm ABC: ROE =20%, Dividend Payout Ratio =60%, and next year's earnings per share =$5.00. Therefore, the expected dividend per share next year is $3.00. What is the stock value by using a cost of equity capital of 15% ? $45.45 $48.12 $38.50 $42.86
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