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(Solved): Laurel Enterprises expects earnings next year of $3.56 per share and has a 30% retention rate ...



Laurel Enterprises expects earnings next year of ?$3.56 per share and has a 30% retention? rate, which it plans to keep constant. Its equity cost of capital is 9.3% ?, which is also its expected return on new investment. Its earnings are expected to grow forever. If its next dividend is due in one? year, what do you estimate the? firm's current stock price to? be?



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