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Question
Leslie Apparel has a current book value per share of $5.15 and current earnings per share of $1.13. The required return is 14 percent and the expected earnings growth rate is 4.5 percent. What is one share of this stock worth today?A. $7.44
B. $8.77
C. $9.99
D. $10.65
E. $11.13
Answer
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