Question
Bills Bakery has current earnings per share of $2.34. Current book value is $4.1 per share. The appropriate discount rate for Bills Bakery is 15
Bills Bakery has current earnings per share of $2.34. 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.)
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
