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CashlessCo is a company that does not pay a dividend. However, analysts forecast next year's earnings per share to be $2.50 with a growth rate
CashlessCo is a company that does not pay a dividend. However, analysts forecast next year's earnings per share to be $2.50 with a growth rate of 4%. If Cashless Co's cost of equity is 10% and its current book value per share is $11, what is CashlessCo's share price using a residual income model? O 39.50 34.33 45.11 54.04 59.82
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