C5.4. Asharetradesat a price-to-book ratioof 0.7.Ananalyst whoforecasts an ROCE of 12 percent each year in the future,

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C5.4. Asharetradesat a price-to-book ratioof 0.7.Ananalyst whoforecasts an ROCE of 12 percent each year in the future, and sets the required equity return at 10percent, recommends a hold position. Doeshis recommendation agree with his forecast?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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