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Xin s Bakery expects earnings per share of $ 2 . 5 0 next year. Current book value is $ 4 . 3 0 per

Xins Bakery expects earnings per share of $2.50 next year. Current book value is $4.30 per share. The appropriate discount rate for Xins Bakery is 17 percent. Calculate the share price for Xins Bakery if earnings grow at 3.40 percent forever.

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