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Use the current Value Line analysis of Procter & Gamble Company to estimate the common stock price using the Residual Income Model (RIM). Explain the
Use the current Value Line analysis of Procter & Gamble Company to estimate the common stock price using the Residual Income Model (RIM). Explain the differences between the current market price for Procter & Gamble and the RIM price you calculated using the Value Line information. [Note: please provide the trading date for any data pulled on Procter & Gamble to complete this question.] [Hint: use 0.17% 1-year T-Bill rate (market close on Friday, May 22nd), and market premium of 7% to do your required return, or K, calculation.]
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