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Sarif Industries is currently at a share price of $29 and reinvests 23% of its earnings each year. With the company's dividends expected to grow

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Sarif Industries is currently at a share price of $29 and reinvests 23% of its earnings each year. With the company's dividends expected to grow at an annual rate of 3.6% in perpetuity and investors requiring a rate of return on their investment of 11.4%, what is Sarif's 1 year forward earning per share, using Constant Growth Dividend Model? a. 3.05 b. 2.94 c. 9.87 d. 10.23 e. 2.26

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