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Question 6: GHL, Inc., has a dividend payout ratio of 55%. Its cost of equity is 11.4% and its dividend growth rate is 4.5%. If

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GHL, Inc., has a dividend payout ratio of 55%. Its cost of equity is 11.4% and its dividend growth rate is 4.5%. If its forward EPS is $6.06, what is your estimate of its stock price? What are the dividends per share for next year? \$ . (Round to the nearest cent.) The price per share is $. (Round to the nearest cent.)

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