Question
Annie's Donut Shops, Inc., has expected earnings of $8 per share for next year. The firm's ROE is 15%, and its earnings retention ratio is
Annie's Donut Shops, Inc., has expected earnings of $8 per share for next year. The firm's ROE is 15%, and its earnings retention ratio is 90%. If the firm's market capitalization rate is 12.5%, what is the value of the firm excluding any growth opportunities?
round to the 3rd decimal
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
