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Required a.Estimate the value of a share of Nike common stock using the residual operating income (ROPI) model as of May 31, 2016. For simplicity,
Required a.Estimate the value of a share of Nike common stock using the residual operating income (ROPI) model as of May 31, 2016. For simplicity, prepare your forecasts in \$ millions. Use the following assumptions: - b.Nike's stock closed at $56.99 on July 21,2016 , the date the Form 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference? What investment decision is suggested from your results
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