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Use the following information to answer five questions related to Residual Earning Model; Below is a partial pro - forma for Ferrari Limited. The current

Use the following information to answer five questions related to Residual Earning Model;
Below is a partial pro-forma for Ferrari Limited. The current year is 2021, EPS and DPS for 20222024 are consensus estimates from the analysts. Total Book Value of the equity is $3,500,000 and it has 400,000 shares outstanding at the end of 2021. Assume the required rate of return is 6% and the firm has no debt.
2021
2022
2023
2024
EPS
3.50
4.00
4.40
DPS
1.75
2.00
2.25
Question 1: What is the Book Value per share in 2023?
Question 31Select one:
A.
$12.50
B.
$14.11
C.
$15.37
D.
$15.37

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