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Over the past 5 years, NBAs common stock earnings per share have grown from $0.62 to $0.91. If an investor in NBA stock is assumed
Over the past 5 years, NBAs common stock earnings per share have grown from $0.62 to $0.91. If an investor in NBA stock is assumed to have a required rate of return of 14%, what is the estimated value of NBA if its current dividend is $0.12? Assume dividends will continue to grow at a rate similar to that of EPS. Please show work.
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