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The current free cash flow to equity (FCFE) of a firm is $1,447. If the risk-free rate is 3.67%, the beta of the stock is
The current free cash flow to equity (FCFE) of a firm is $1,447. If the risk-free rate is 3.67%, the beta of the stock is 1.06 and the equity market risk premium is 4.5%, what is the current market value of equity of this stock if the FCFE is expected to grow at 2.37% in perpetuity
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