Question
Annie's Donut Shops, Inc., has expected earnings of $5 per share for next year. The firm's ROE is 12%, and its earnings retention ratio is
Annie's Donut Shops, Inc., has expected earnings of $5 per share for next year. The firm's ROE is 12%, and its earnings retention ratio is 75%. If the firm's market capitalization rate is 10%, what is the value of the firm excluding any growth opportunities?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
