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Trend-Line Incorporated has been growing at a rate of 7% per year and is expected to continue to do so indefinitely. The next dividend is

Trend-Line Incorporated has been growing at a rate of 7% per year and is expected to continue to do so indefinitely. The next dividend is expected to be $6 per share. If the market expects a 12% rate of return on Trend-Line, at what price must it be selling? Note: Do not round intermediate calculations. If Trend-Lines earnings per share will be $9 next year, what part of its value is due to assets in place? Note: Do not round intermediate calculations. If Trend-Lines earnings per share will be $9 next year, what part of its value is due to growth opportunities? Note: Do not round intermediate calculations

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