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QUESTION 10 On a certain day in February 2008, Amazon.com's forward P/E was reported to be 32.31and its beta was 3.04. The relevant risk-free rate

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QUESTION 10 On a certain day in February 2008, Amazon.com's forward P/E was reported to be 32.31and its beta was 3.04. The relevant risk-free rate at the time was 3%. Assume that 5% is areasonable equity premium to use. What does this data suggest Amazon's expectedeternal earnings growth rate was? A 21.2% 8. 13.8% C. 15.2% D.35.94

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