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What is the current value of sommers stock

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Reference no: EM132399252

Investors require a 12% return from Sommers, Inc. The company's return on equity is 15%, and expects to have an earnings per share of $6 next year. The company ususally plowback 70% of its earnings for future growth.

What is the current value of Sommers' stock? (Do not round intermediate calculations.)

Reference no: EM132399252

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