Pacific Blue Chips just reported earnings of $1.5 million. The firm retains 40 percent of its earnings.

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Pacific Blue Chips just reported earnings of $1.5 million. The firm retains 40 percent of its earnings. The return on equity has been 15 percent and this is expected to continue into the future. The firm has 300,000 shares outstanding.The required rate of return on this stock is 13 percent.What is the firm's growth rate?What is the price of the stock?

Posted Date: May 19, 2024 01:06 PM

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Pacific Blue Chips just reported earnings of $1.5 million. The firm retains 40 percent of its earnings.

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