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stockton projects earnings per share at the end of year to be $5. without further invesment, the firm forecast level earnings per share (eps) of

stockton projects earnings per share at the end of year to be $5. without further invesment, the firm forecast level earnings per share (eps) of $5 in perpetutity. the discount rate is 10. the firm is considering a retention ratio of 30%. what is the price of a share if the firm's ROE is 15%? a)3.50$ b$40 c)53.22 d63.64

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