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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

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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 expected to be $4 per share. a. 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. Current selling price b. If Trend-Line's earnings per share will be $6 next year, what part of its value is due to assets in place? Note: Do not round intermediate calculations. Trend Line's value c. If Trend-Line's earnings per share will be $6 next year, what part of its value is due to growth opportunities? Note: Do not round intermediate calculations. Trend Line's vale Help Save & Ext Submit

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