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pie in the sky corp. makers of heavenly pies is expecting earnings next year of $5 a share. The company expects that it can realize
pie in the sky corp. makers of heavenly pies is expecting earnings next year of $5 a share. The company expects that it can realize a return on equity of 15% Traditionally, it pays out about 40% of its earnings from dividends. Based on the company's risk profile, investors require a return of 12%. Calculate the stock price using the Gordon Growth Model
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