11 Equity Valuation time were you listening? Fill in the blanks IBM P 155.00 $12.50 12.400 IBM V Price and Value Forward Earnings P/E Multiple expected growth rate g 8.00% target P/E for N years IF your required rate of return is this, what is the Value today you place on the stock required return r 12.500 3.000 10.00% Value today IBM V and, Changing to approach #2 Value today GOOG V on your expected value (line 20) and the rpice you paid, your ac tual return would be