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2. NoDiv Ltd. has an expected EPS next year = $12.00 Its current book value per share = $25.00 Its earnings growth rate = 3%

2. NoDiv Ltd. has an expected EPS next year = $12.00

Its current book value per share = $25.00

Its earnings growth rate = 3%

Its discount rate = 11%

Using the residual income model, calculate the expected current price per share.

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