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9. Advertise-In-Print Ltd. currently has an earnings growth rate of -15%, Le., their earnings are declining at the rate of 15% per year. This rate
9. Advertise-In-Print Ltd. currently has an earnings growth rate of -15%, Le., their earnings are declining at the rate of 15% per year. This rate of earnings decline is expected to stay constant henceforth. Advertise- In-Print Ltd.'s next year's dividend per share is expected to be $1.00 and their cost of equity is 10%. What is Advertise-In-Print Ltd.'s intrinsic value per share equal to? (a) $4.00. (b) $6.67. (c) $10.00. (d) $20.00
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