The rufus corporarion has 125 million shares outstanding, Ask an Expert

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The Rufus Corporarion has 125 million shares outstanding and analyst expect Rufus to have earnings of $500 million this year. Rufus plans to pay out 40% of its earnings in dividends and they expect to use another 20% of their earnings to repurchase shares. If Rufus' equity cost of capital is 15% and Rufus' earnings are expected to grow at a rate of 3% per year, then what is the value of a share of Rufus stock?

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