If the annual earnings for a company are $10, the expected future price of its stock is $100, and the required rate of return is 6%, what is the current price of the stock?

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The Answer of If the annual earnings for a company are $10, the expected future price of its stock is $100, and the required rate of return is 6%, what is the current price of the stock?

If the Annual Earnings for a Company Are $10, the Expected