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Fortress of Solitude Co . expects an earnings per share of $ 2 . 6 2 and reinvests 2 5 % of its earnings. Management

Fortress of Solitude Co

.

expects an earnings per share of $

2.62

and reinvests

25 %

of its earnings. Management projects a rate of return of

2 %

on new

projects and investors expect a

5 %

rate of return on the stock.

What is the price of the stock with growth?

Enter your response below rounded to

2

DECIMAL PLACES.

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