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Stock Price Tim Hortons had NI of $424 million in 2014, and 150 million shares. The PE multiple for Starbucks is 28. Tim Hortons pays

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Tim Hortons had NI of $424 million in 2014, and 150 million shares. The PE multiple for Starbucks is 28. Tim Hortons pays a dividend of 0.32 per quarter, and their discount rate is 6%. What price should Tim Hortons stock trade for? (two answers)

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