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Tagore Co. is expected to pay a dividend of $12 next year which is expected to grow at a constant rate 5% indefinitely. If the

Tagore Co. is expected to pay a dividend of $12 next year which is expected to grow at a constant rate 5% indefinitely. If the company plows back a constant 20% of earnings and investors require a 15% return on companys stock, then the value market places to the companys growth opportunities per share is closest to: Select one: a. $20 b. $19 c. $21 d. $22

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