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W Price = (P/E) x EPS: V-D/k: Vo D/(k-g); k=E()=+B[E(ru)- E(n)=+B[E(M)-rd: P/E = (1/earnings yield). Vo [E(D) + E(P)(1+k) Bp=EWB: S= [E(r)-ro: Sp[E(rp)-/op: PAS [COV
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