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Question: ART has come out with a new and improved product. As a result, the firm projects an ROE of 28%, and it will maintain a plowback ratio of 0.25. Its earnings this year will be $5.0 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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Basic Finance, Finance

Category:- Basic Finance
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