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Fortress of Solitude Co. expects an earnings per share of $2.72 and reinvests 40% of its earnings. Management projects a rate of return of 6%
Fortress of Solitude Co. expects an earnings per share of $2.72 and reinvests 40% of its earnings. Management projects a rate of return of 6% on new projects and investors expect a 6% rate of return on the stock. What is the price of the stock with growth? Enter your response below rounded to 2 DECIMAL PLACES. Correct response: 45.330.02 Click "Verify" to proceed to the next part of the question. Given that the price of the stock with growth is $45.33, what is the present value of growth opportunities (PVGO)? Enter your response below rounded to 2 DECIMAL PLACES. Click "Verify" to proceed
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