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Shield Corp. expects an earnings per share of $2.29 and reinvests 20% of its earnings. Management projects a rate of return of 1% on new
Shield Corp. expects an earnings per share of $2.29 and reinvests 20% of its earnings. Management projects a rate of return of 1% on new projects and investors expect a 8% rate of return on the stock. Given a sustainable growth rate of 0.2%, what is the price of the stock with growth?
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