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Given the following firm and market information, determine the value (i.e. price) of the firms shares. Net profit margin 3% Total asset turnover 1.5 Debt/equity
Given the following firm and market information, determine the value (i.e. price) of the firms shares. Net profit margin 3% Total asset turnover 1.5 Debt/equity 0.5 Plowback ratio 0.5 Next year's dividends per share $2.068 Required Rate of Return 14.6% a. $28.42 b. $18.42 c. $8.42 d. $38.42 e. none of the above
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