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Calculate the price of a stock with a plowback ratio of 60% and an ROE of 20%. Assume the required rate of return (k) is
Calculate the price of a stock with a plowback ratio of 60% and an ROE of 20%. Assume the required rate of return (k) is 12.5% and that EPS a year from now are expected to be $5.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
