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Bil's Bakery has current eamings per share of $3.38. Current book value is $5.40 per share. The appropriate discount rate for Bill's lakery is 10

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Bil's Bakery has current eamings per share of $3.38. Current book value is $5.40 per share. The appropriate discount rate for Bill's lakery is 10 percent. Calculate the share price for Bill's Bakery if earnings grow at 5 percent forever. (Do not round intermediate. alculations. Round your answer to 2 decimal places.)

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