Question
Bills Bakery expects earnings per share of $2.42 next year. Current book value is $4.2 per share. The appropriate discount rate for Bills Bakery is
Bills Bakery expects earnings per share of $2.42 next year. Current book value is $4.2 per share. The appropriate discount rate for Bills Bakery is 16 percent. Calculate the share price for Bills Bakery if earnings grow at 4.2 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
