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Use the constant growth dividend discount model and consider the following: ABC stock is expected to have earnings of $6/share next year. The stock as

Use the constant growth dividend discount model and consider the following: ABC stock is expected to have earnings of $6/share next year. The stock as a market capitalization rate of 10%. If the firm has an ROE a 14% in a plowback ratio of 0.4, what is the present value of the growth opportunities growth opportunities?

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