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Lenons company has a book value per share of $6.42 and current earnings per share of $1.31. The required return on Lenons stock is 16

Lenons company has a book value per share of $6.42 and current earnings per share of $1.31. The required return on Lenons stock is 16 percent and the expected earnings growth rate is 7 percent. What is one share of this stock worth today?

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