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Recover Unsaved Workbooks. We were able to save changes to one or mor A B C D E F G A company has a book
Recover Unsaved Workbooks. We were able to save changes to one or mor A B C D E F G A company has a book value of common equity of $21,479 at the end of 2019. An analyst has estimated that comprehensive income will be $5,290 in 2020, $5,560 in 2021, and $5,800 in 2022. Dividends are estimated to be $315 in 2020, $325 in 2021, and $335 in 2022. The analyst has determined his required return for this company is 20%. The analyst assumes after the third year, residual income will grow at 2% annually. Using the residual income model, what is the value of the company today? NI
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