e) FIN 222 Ltd expects earnings of $4 per share next year and has 40% retention...

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e) FIN 222 Ltd expects earnings of $4 per share next year and has 40% retention rate, which it plans to keep constant, its cost of equity is 10%, and its expected return in new investment is estimated to be 12%. If its next dividend is due in one year, what do you estimate the firm's current share price to be? (3.5m) e) FIN 222 Ltd expects earnings of $4 per share next year and has 40% retention rate, which it plans to keep constant, its cost of equity is 10%, and its expected return in new investment is estimated to be 12%. If its next dividend is due in one year, what do you estimate the firm's current share price to be? (3.5m)