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Xin s Bakery has current earnings per share of $ 2 . 1 0 . Current book value is $ 3 . 8 0 per

Xins Bakery has current earnings per share of $2.10. Current book value is $3.80 per share. The appropriate discount rate for Xins Bakery is 12 percent. Calculate the share price for Xins Bakery if earnings grow at 2.5 percent forever.(21.11 is wrong)

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