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Question 5 Not yet answered Marked out of 2.50 Flag question Virtu Financial Inc. reported an EBIT of $1,112 million in 2021. The effective tax

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Question 5 Not yet answered Marked out of 2.50 Flag question Virtu Financial Inc. reported an EBIT of $1,112 million in 2021. The effective tax rate of Virtu is 35%. The estimated market value of debt is $4,784 million. The firm is supposed to maintain a long-term growth rate of 5.2% and continue reinvestment 30% of its earnings. The WACC of Virtu is 6.85%. There are 1,100 million outstanding shares. What is the fair value of a Virtu share today (in 2022)? O a. $24.98 O b. $29.33 O c. $27.88 O d. $23.53

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