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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
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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