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Current book value per share firm XYZ is $15.50 and required return is 12%. Firm expects earnings per share of $2.25 next year with annual
Current book value per share firm XYZ is $15.50 and required return is 12%. Firm expects earnings per share of $2.25 next year with annual growth of 4 percent. What is current market valuation of this stock?
A. 20.38
B. 21.50
C. 24.13
D. 19.24
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