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Your company is earning 10% on equity and with a 40% dividend payout ratio.If we expect your company to have earnings of $5 per share

Your company is earning 10% on equity and with a 40% dividend payout ratio.If we expect your company to have earnings of $5 per share in the coming year and the growth rate is constant, what is the common stock value to an investor requiring a 10% return?

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