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Bill's Bakery has current earnings per share of $2.82. Current book value is $4.70 per share. The appropriate discount rate for Bill's Bakery is 8
Bill's Bakery has current earnings per share of $2.82. Current book value is $4.70 per share. The appropriate discount rate for Bill's Bakery is 8 percent. Calculate the share price for Bill's Bakery if earnings grow at 3.1 percent forever. (Do not round Intermedlate calculations. Round your answer to 2 decimal places.) Explenetion P0=$4.70+[($2.821.031)($4.70.08)]/(.08.031)=$56.36 Step by Step Solution
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Remittances And International Development
Authors: Sabith Khan, Daisha Merritt
1st Edition
0367521881, 978-0367521882
