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Use the earnings growth model [P = kE/(r - g)] to estimate projected stock price, assume the S&P 500 rate of return (r) is 12%.

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Use the earnings growth model [P = kE/(r - g)] to estimate projected stock price, assume the S&P 500 rate of return (r) is 12%. How do these compare to the May 1, 2017, stock price? Which are overvalued or undervalued

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