Billrsquos bakery expects earnings per share of 314 next, Ask an Expert

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Bill’s Bakery expects earnings per share of $3.14 next year. Current book value is $5.1 per share. The appropriate discount rate for Bill’s Bakery is 13 percent. Calculate the share price for Bill’s Bakery if earnings grow at 4.8 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Share price $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92056854

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