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Suppose a firm exists for only 3 years. The free cash flow to equity (FCFE) is $1,000,000 at the end of each year. The required
Suppose a firm exists for only 3 years. The free cash flow to equity (FCFE) is $1,000,000 at the end of each year. The required return for shareholders is 12%. Assume 100,000 shares outstanding. What should be the share price? Question 18 options: a) $2,401,831 b) $30 c) $24 d) $127
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