The following are ROCE forecasts made for a firm at the end of 2009. ROCE is expected
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ROCE is expected to continue at the same level after 2012. The firm reported book value of common equity of $3.2 billion at the end of 2009, with 500 million shares outstanding. If the required equity return is 12 percent, what is the per-share value of theseshares?
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As expected ROCE is equal to the r...View the full answer
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