What is the implied return on the company stock

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Sully Corp. currently has an EPS of $3.90, and the benchmark PE for the company is 38. Earnings are expected to grow at 10 percent per year. Current stock price= $145.20. Target Stock Price= $163.02 Assuming the company pays no dividends, what is the implied return on the company's stock over the next year?

Reference no: EM13278728

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