Billrsquos bakery expects earnings per share of 314 next


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 $

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Billrsquos bakery expects earnings per share of 314 next
Reference No:- TGS01704906

Expected delivery within 24 Hours