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Boeing company has a current stock price of $49.86. It also has a P/B value of 3.57 and a value per share of 13.97. Assuming

Boeing company has a current stock price of $49.86. It also has a P/B value of 3.57 and a value per share of 13.97. Assuming that the single stage growth model is appropriate. Boeing's beta is .8, the risk free rate is 5% and the equity risk premium Is5.5%. If the growth rate is 6% and the ROE is 20%, what is the justified P/B value for Boeing?

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