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Problem 3 The current market price of RJR Corp. equity is $50 per share. Analysts estimate that RJR will report earnings-per- share of $3.50 in

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Problem 3 The current market price of RJR Corp. equity is $50 per share. Analysts estimate that RJR will report earnings-per- share of $3.50 in one year. The required rate of return on RJR shares is 7%. Calculate the Net Present Value of Growth Opportunities (NPVGO) as a percentage of the current market price

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