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Xin's Bakery expects earnings per share of $2.26 next year. Current book value is $4.00 per share. The appropriate discount rate for Xin's Bakery
Xin's Bakery expects earnings per share of $2.26 next year. Current book value is $4.00 per share. The appropriate discount rate for Xin's Bakery is 14 percent. Calculate the share price for Xin's Bakery if earnings grow at 3.20 percent forever. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Share price
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
