Question
Bills Bakery expects earnings per share of $2.34 next year. Current book value is $4.1 per share. The appropriate discount rate for Bills Bakery is
| Bills Bakery expects earnings per share of $2.34 next year. Current book value is $4.1 per share. The appropriate discount rate for Bills Bakery is 15 percent. Calculate the share price for Bills Bakery if earnings grow at 2.7 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Share price | $ |
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How To Get Money For College Financing Your Future Beyond Federal Aid
Authors: Mark D. Snider
1st Edition
0768928869, 978-0768928860
