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Rocket Co. has just paid a dividend of $1.15 per share. The firm pays annual dividends. It is expected by analysts that the firm's earning
Rocket Co. has just paid a dividend of $1.15 per share. The firm pays annual dividends. It is expected by analysts that the firm's earning will grow by 8.2% per year over next six years. After that, the earnings will most likely grow at the current industry average of 5.5% per ye Analysts do not expect any changes in the payout ratio of the firm. The cost of capital is 13%. The today's share price is closest to (nearest cents): Select one: O a. $18.41 Ob. $17.76 Oc. $20.03 d. $16.98
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