Question
Ethel M Incorporated had earnings of $1.85per share last year (EPS0=$1.85), has azero retention rate, an ROE of 14%, a debt ratio of 50% (debt
Ethel M Incorporated had earnings of $1.85per share last year (EPS0=$1.85), has azero retention rate, an ROE of 14%, a debt
ratio of 50% (debt divided by total assets),and investors require a 12% return oninvestments in Ethel stock. How much is
Ethel M Inc. stock worth today?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
