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The growth in per share FCFE of CBS , Inc. is expected to be 1 0 % per year for the next two years, followed
The growth in per share FCFE of CBS Inc. is expected to be per year for the next two years, followed by a growth rate of per year for three years. After this fiveyear period, the growth in per share FCFE is expected to be per year, indefinitely. The required rate of return on CBS Inc. is Last year's per share FCFE was $ What should the stock sell for today?
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