What is the implied return on the companys stock

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Reference no: EM13883431

Summers Corp. currently has an EPS of $7.38, and the benchmark PE for the company is 23. Earnings are expected to grow at 9.77 percent per year.

Assuming the company pays no dividends, what is the implied return on the company's stock over the next year?

Hint: we assume that the industry PE does not change over the years.

Reference no: EM13883431

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