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What the value of the stock

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Question - Sales Company expects to pay a $1.00 dividend per share in the coming year, and is expected to continue to pay out 60% of earnings as dividends for the foreseeable future. If the firm is expected to generate a 10% return on equity in the future, and if you require a 12% return on the stock, what the value of the stock?

Reference no: EM132926145

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