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Bill's Bakery expects earnings per share of $2.58 next year. Current book value is $4.4 per share. The appropriate discount rate for Bill's Bakery is

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Bill's Bakery expects earnings per share of $2.58 next year. Current book value is $4.4 per share. The appropriate discount rate for Bill's Bakery is 10 percent. Calculate the share price for Bill's Bakery if earnings grow at 2.9 percent forever

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