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Mini-Case Valuing Stocks Your investment adviser has sent you three analyst re- ports for a young, growing company named Vegas Chips, Incorporated. These reports depict

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Mini-Case Valuing Stocks Your investment adviser has sent you three analyst re- ports for a young, growing company named Vegas Chips, Incorporated. These reports depict the company as spec- ulative, but each one poses different projections of the company's future growth rate in earnings and dividends. All three reports show thatVegas Chips earned $1.20 per share in the year just ended. There is consensus that a fair rate of retun to investors for this common stock is 14%, and that management expects to consistently eam a 15% return on the book value of equity (ROE = 15%). C 3. tw Assignment 4 Discuss the feature(s) that drive the differing valuations of Vegas Chips. What additional information do need to garmer analyst report? you confidence in the projections of each

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