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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

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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 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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