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Q5 Q5 expected to grow by 6.7% per year, and Alphabet's equity cost of capital is 7.6%, estimate Alphabet's market capitalization. If Alphabet has 694

Q5 Q5 image text in transcribed

expected to grow by 6.7% per year, and Alphabet's equity cost of capital is 7.6%, estimate Alphabet's market capitalization. If Alphabet has 694 million shares outstanding, what stock price does this correspond to? The share price is (Round to the nearest cent.)

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