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Please calculate the payback period for Gilead Sciences, Inc. (GILD). Assume that in each year, each company reinvests all of its retained earnings into a
Please calculate the payback period for Gilead Sciences, Inc. (GILD).
Assume that in each year, each company reinvests all of its retained earnings into a single investment opportunity, generating annual cash flows in perpetuity at a rate equal to its current return on book equity.
Data could be found online, but please provide the source.
Please show the steps for the calculation.
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