Question
ills Bakery expects earnings per share of $3.62 next year. Current book value is $5.70 per share. The appropriate discount rate for Bills Bakery is
ills Bakery expects earnings per share of $3.62 next year. Current book value is $5.70 per share. The appropriate discount rate for Bills Bakery is 13 percent. Calculate the share price for Bills Bakery if earnings grow at 5.20 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Share Price _________
it is not 46.41
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
