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Suve Laurel Enterprises expects earnings next year of 53 95 per share and has a 40% retention rate, which plans to keep constant. Its equity

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Suve Laurel Enterprises expects earnings next year of 53 95 per share and has a 40% retention rate, which plans to keep constant. Its equity cost of capital is 9%, which is also its expected return on new investment is earnings are expected to grow forever at a rate of 3 6% per year is not dividend is due in one year what do you estimate the firm's current stock price to be? Prs The current stock price will be s round to the nearest cent)

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