Current earnings per share

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Reference no: EM131603618

Bill’s Bakery has current earnings per share of $2.74. Current book value is $4.6 per share. The appropriate discount rate for Bill’s Bakery is 9 percent. Calculate the share price for Bill’s Bakery if earnings grow at 3.6 percent forever. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Share price $

Reference no: EM131603618

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