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The following are earnings and dividend forecasts made at the end of 2012 for a firm with $20.00 book value per common share at that

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The following are earnings and dividend forecasts made at the end of 2012 for a firm with $20.00 book value per common share at that time. The firm has a required return of 10 percent per yeor. Based on your forecasts of residual income and ROCE, is thls firm worth more, lass or equal to its book value? More Less Equal it depands Sometmes more, sometimes less

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