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Chick-fil-A is currently trading at $97.56 a share with a 1 year required return of 9.02%. An analyst for the stock has proposed the
Chick-fil-A is currently trading at $97.56 a share with a 1 year required return of 9.02%. An analyst for the stock has proposed the stock price is expected to increase the $101 over 1 year. A. What is the one-year ex ante alpha for Chick-fil-A? B. Based on your finding, what is your (buy/sell/hold) recommendation for Chick-fil-A?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
