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GHL, Inc., has a dividend payout ratio of 45%. Its cost of equity is 10.9% and its dividend growth rate is 4.8%. If its forward
GHL, Inc., has a dividend payout ratio of 45%. Its cost of equity is 10.9% and its dividend growth rate is 4.8%. If its forward EPS is $5.52, what is your estimate of its stock price?
A)
What are the dividends per share for next year? (Round to the nearest cent.)
B)
The price per share is $_____ (Round to the nearest cent.)
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