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Bills Bakery has current earnings per share of $3.14. Current book value is $5.10 per share. The appropriate discount rate for Bills Bakery is 13

Bills Bakery has current earnings per share of $3.14. Current book value is $5.10 per share. The appropriate discount rate for Bills Bakery is 13 percent. Calculate the share price for Bills Bakery if earnings grow at 4.8 percent forever.

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