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Business, 12.12.2019 19:31 hdkdkdbx

Jumbo transport, an air-cargo company, expects to have earnings per share of $2.00 in the coming year. it decides to retain 10% of these earnings in order to lease new aircraft. the return on this investment will be 25%. if its equity cost of capital is 11%. what is the expected share price of jumbo transport?

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