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XYZ Corp has a payout ratio of 35%. Its return or equity is 8% and discount rate k=10%. It expects the payment ratio to remain
XYZ Corp has a payout ratio of 35%. Its return or equity is 8% and discount rate k=10%. It expects the payment ratio to remain stable. The EPS last year was $12. a)calculate the target price of the stock b)If the current price is $85 what is your investment recommendation
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