A company has current, trailing earnings of 2.1 per share. The company plans to reinvest...
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A company has current, trailing earnings of 2.1 per share. The company plans to reinvest 0.52, ashare of the earnings, at an ROE of 0.093. If the required rate of return is 0.07, what is the presentvalue of the firm's growth opportunities?16.5315.4218.2817.3819.28
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