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Ontario Ice Corporation has an expected profit margin of 12 percent, turnover ratio of 4, and total assets to equity ratio of 0.40. The firm

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Ontario Ice Corporation has an expected profit margin of 12 percent, turnover ratio of 4, and total assets to equity ratio of 0.40. The firm expects an EPS of $2.5 next year and maintains a retention ratio of 70 percent. What should the stock sell for today if the required return is 16 percent? $23.5 $17.09 $20 $29.3

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