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The earnings of Confinity Inc. were $6 per share last year. Its expected ROE is 18% and cost of equity is 14%. It will maintain

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The earnings of Confinity Inc. were $6 per share last year. Its expected ROE is 18% and cost of equity is 14%. It will maintain a dividend payout ratio of 60%. What price do you expect Confinity shares to sell for in 6 years? Do not round your intermediate calculations. A. $80 B. $98 C. $72 D. $86

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