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Marquis Jewelers has current earnings per share of $2.80 and an expected earnings growth rate of 4.5%. The discount rate on the stock is 11%

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Marquis Jewelers has current earnings per share of $2.80 and an expected earnings growth rate of 4.5%. The discount rate on the stock is 11% and the current book value per share is $12.95. Estimate the current value (price) of this stock. (hint: consider residual income model (RIM)) $42.31 $23.10 $36.05 $34.11

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