What is? valence share? price

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Valence Electronics has 229 million shares outstanding. It expects earnings at the end of the year of $850 million. Valence pays out? 40% of its earnings in total? - 15% paid out as dividends and? 25% used to repurchase shares. If? Valence's earnings are expected to grow by 6?% per? year, these payout rates do not? change, and? Valence's equity cost of capital is 9?%, what is? Valence's share? price?

Reference no: EM132681664

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