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13. Consider the following information about company E's performance and financial position in year to Profit or loss = 50 Beginning book value of business

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13. Consider the following information about company E's performance and financial position in year to Profit or loss = 50 Beginning book value of business assets = 300 Beginning book value of equity = 90 Cost of equity = 10 percent Company E's abnormal earnings in year t are [15 points]

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