ART has come out with a new and improved product. As a result, the firm...
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ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback ratio of 0.35. Its earnings this year will be $3.5 per share. Investors expect a 17% rate of return on the stock. What price do you expect ART shares to sell for in 4 years?
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