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A firm is expected to earn $8 per share. The pay-out ratio is 60% and it will remain same.
If the ROE of the firm is 25% and required rate of return on equity is 13%, find the
present
value of growth opportunities.
a $160.00
b. S 61.54
c. $ 98.46
d. None of the above
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a) is the correct option
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