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Mooradian Corporations free cash flow during the just-ended year (t = 0) was $150 million, and its FCF is expected to grow at a constant
Mooradian Corporations free cash flow during the just-ended year (t = 0) was $150 million, and its FCF is expected to grow at a constant rate of 5.0% in the future. Mooradian has no debt or preferred stock, and its WACC is 12.5%. If Mooradian has 38 million shares of stock outstanding, what is the stocks value par?
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