Question
A stock trades for $88 has a book value per share of $28, analysts' EPS forecast for year 1 is $14. The required return is
A stock trades for $88 has a book value per share of $28, analysts' EPS forecast for year 1 is $14. The required return is 13%. What is the speculative value implied by the observed market price?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
