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QUESTION 11 Ace Ventura, Inc., has expected earnings of $35 per share for next year. The firm's ROE IS 125%, and its earnings retention ratio

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QUESTION 11 "Ace Ventura, Inc., has expected earnings of $35 per share for next year. The firm's ROE IS 125%, and its earnings retention ratio is 5%. If the firm's market capitalization rate is 9% what is the present value of its growth opportunities

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