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Suppose the risk-free rate is 2.45% and an analyst assumes a market risk premium of 8.86%. Firm Ajust paid a dividend of $1.39 per share.

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Suppose the risk-free rate is 2.45% and an analyst assumes a market risk premium of 8.86%. Firm Ajust paid a dividend of $1.39 per share. The analyst estimates the B of Firm A to be 1.31 and estimates the dividend growth rate to be 4.49% forever. Firm A has 300.00 Million shares outstanding. Firm B just paid a dividend of $1.80 per share. The analyst estimates the of Fimm B to be 0.77 and believes that dividends will grow at 2.42% forever. Firm Bhas 199.00 million shares outstanding. What is the value of Firm B? Submit Answer format: Currency: Round to: 2 decimal places

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