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Problem 8 - 0 9 You are valuing a bank. The bank currently has assets of $ 3 2 0 per share. Five years from
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You are valuing a bank. The bank currently has assets of $ per share. Five years from now that is at the end of five years you expect their assets per share to be $ After Year you expect their assets per share to grow at percent per year forever. The bank has an ROA of percent and an ROE of percent. The bank's cost of equity is percent. What is the value of the bank's stock? Use the free cash flow to equity model to value this stock. Do not round intermediate calculations. Round your answer to the nearest cent.
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