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91. The current book value per share of Trenton Motors is $11.90 and the required return on the stock is 15 percent. The firm
91. The current book value per share of Trenton Motors is $11.90 and the required return on the stock is 15 percent. The firm expects earnings per share of $1.40 next year with annual earnings growth of 4 percent. What is the current value of this stock? A. $8.40 B. $8.91 C. $16.07 D. $18.18 E. $20.30
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
