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MNO's return on equity is 13% and its long-run retention ratio is 25%. The stock just paid a dividend of $4.25, which is expected to
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MNO's return on equity is 13% and its long-run retention ratio is 25%. The stock just paid a dividend of $4.25, which is expected to grow at a constant rate forever. If investors require a 20% rate of return for the stock, What would you expect the share price to be two years from today? Round intermediate steps to four decimals.
27.93
26.20
25.37
27.05
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MNO's return on equity is 13% and its long-run retention ratio is 25%. The stock just paid a dividend of $4.25, which is expected to grow at a constant rate forever. If investors require a 20% rate of return for the stock, What would you expect the share price to be two years from today? Round intermediate steps to four decimals.
27.93
26.20
25.37
27.05
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