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The current free cash flow to equity (FCFE) of a firm is $951. If the risk-free rate is 5%, the beta of the stock is
The current free cash flow to equity (FCFE) of a firm is $951. If the risk-free rate is 5%, the beta of the stock is 1.37 and the equity market risk premium is 1%, what is the current market value of equity of this stock if the FCFE is expected to grow at 5% in perpetuity?
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