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Suppose the risk-free rate is 2.08% and an analyst assumes a market risk premium of 7.40%. Firm A just paid a dividend of $1.09 per

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Suppose the risk-free rate is 2.08% and an analyst assumes a market risk premium of 7.40%. Firm A just paid a dividend of $1.09 per share. The analyst estimates the of Firm A to be 1.38 and estimates the dividend growth rate to be 4.66% forever. Firm A has 250.00 million shares outstanding. Firm B just paid a dividend of $1.74 per share. The analyst estimates the of Firm B to be 0.77 and believes that dividends will grow at 2.04% forever. Firm B has 198.00 million shares outstanding. What is the value of Firm B? Answer format: Currency: Round to: 2 decimal places. G Attempts Remaining: Infinity

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