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Suppose the risk-free rate is 3.09% and an analyst assumes a market risk premium of 5.86%. Firm Ajust paid a dividend of $1.42 per share.

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Suppose the risk-free rate is 3.09% and an analyst assumes a market risk premium of 5.86%. Firm Ajust paid a dividend of $1.42 per share. The analyst estimates the B of Firm A to be 1.21 and estimates the dividend growth rate to be 4.25% forever. Firm A has 281.00 million shares outstanding. Firm B just paid a dividend of $1.77 per share. The analyst estimates the B of Firm B to be 0.85 and believes that dividends will grow at 2.75% forever. Firm B has 195.00 million shares outstanding. What is the value of Firm A? Submit Answer format: Currency: Round to: 2 decimal places

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