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Question 3 (5 marks) ABC Inc. had a FCFE of $250 million last year and has 100 million shares outstanding. The company's ROE is 8%

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Question 3 (5 marks) ABC Inc. had a FCFE of $250 million last year and has 100 million shares outstanding. The company's ROE is 8% and WACC is 6.2%. If FCFE is expected to grow at 5% per year in the foreseeable future, at what price would ABC's shares be selling

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