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Queens Book has a required return on equity of 12% and is expected to grow indefinitely at a rate of 5%. The expected return on
Queens Book has a required return on equity of 12% and is expected to grow indefinitely at a rate of 5%. The expected return on equity (ROE) that would justify a price-to-book multiple of 2.14 is closest to:
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
