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XYZ corp has a stable payout ratio of 40%. Last years EPS was $4.20. It expects growth in earnings of 3% forever. k=8%. The price

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XYZ corp has a stable payout ratio of 40%. Last years EPS was $4.20. It expects growth in earnings of 3% forever. k=8%. The price of the stock should be O 34.61 0 52.32 033.6 O 22.73 84

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