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Xin's Bakery has current earnings per share of $2.34. Current book value is $4.10 per share. The appropriate discount rate for Xin's Bakery is 15
Xin's Bakery has current earnings per share of $2.34. Current book value is $4.10 per share. The appropriate discount rate for Xin's Bakery is 15 percent. Calculate the share price for Xin's Bakery if earnings grow at 2.7 percent forever. Note: Do not round intermediate calculations. Round your answer to 2 decimal places Step by Step Solution
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
