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n Consider the following information which relates to a given company Item 2019 Value Earnines Per Share $6.41 Price Per Share (Common Stock) $41.02 $6231

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n Consider the following information which relates to a given company Item 2019 Value Earnines Per Share $6.41 Price Per Share (Common Stock) $41.02 $6231 2.7 Book Value (Common Stock Equity Total Common Stock Outstanding Dividend Per Share million million $4.4 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.06% in the future, or possibly 72% for the next 2 years and 5.84% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to Increase immediately from 8.51% to 10,81% Currently the risk-free rate is 5,17% Required: Assuming a constant annual 5.06% growth rate in future dividends, find the value per share of the firm's stock. The required return is 16.8% s (ROUND YOUR ANSWER TO 2 DECIMAL PLACES, FOR EXAMPLE: 17.23)

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