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An analyst at time t is calculating the present value of abnormal earnings. She has the following information relating to t+1: . Beginning book

An analyst at time t is calculating the present value of abnormal earnings. She has the following information relating to t+1: . Beginning book value of equity - $78,785 Net income- $16,379 - Cost of equity - 13.28 percent What would be the present value of abnormal earnings of t+1?

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