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Zain is considering buying shares in the Gaming Stop Corporation and knows the following details about Gaming Stop: It had earnings per share (EPS) of

Zain is considering buying shares in the Gaming Stop Corporation and knows the following details about Gaming Stop: It had earnings per share (EPS) of $3 this year and just paid its first annual dividend. It expects its EPS to grow at 6% per year. It intends to pay out 65% of its earnings as dividends every year. Assuming, the appropriate equity cost of capital is 10%, what is the value of a Gaming Stop share today? ans = 51.68 please show steps

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