Question
A company's book value per share is $6.49. What is the company's intrinsic price-to-book ratio (to two decimal places) if the present value of the
A company's book value per share is $6.49. What is the company's intrinsic price-to-book ratio (to two decimal places) if the present value of the next five years residual earnings is $1.26 per share and the present value of residual earnings beyond year five is $5.91 per share?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
