Laurel Enterprises expects earnings next year of $4.37 per share and has a 40% retention rate, which it plans to keep constant. Its equity cost of capital is 11%,
which is also its expected return on now investment is comings are expected to grow forever at a rate of 44% per year is next dividend is due in one you what do you stimate the firm’s current stock price to be? The current stock price will be $ (Round to the nearest cont.)
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