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The fiscal year 2 0 2 2 of Consolidated Edison ended recently. During the 2 0 2 2 fiscal year, the firm produced a free
The fiscal year of Consolidated Edison ended recently. During the fiscal year, the firm produced a free cash flow of $ billion. Investors are expecting the free cash flow to grow by a constant per year in the future. Given the low risk of the firms business, its weighted average cost of capital is only The firm has million shares outstanding and $ billion in debt.
With these assumptions, what is the stock price of Consolidated Edison?
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