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The change in Residual Earnings and Abnormal earnings growth models are based on the idea: a. VPS = Book value per share + the present
The change in Residual Earnings and Abnormal earnings growth models are based on the idea:
a. VPS = Book value per share + the present value of projected earnings
b. VPS= Earnings per share + the present value of projected earnings
c. VPS = Dividends per share + the future value of projected earnings
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