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Question
The Diamond Outlet has current earnings per share of $1.96 and an expected earnings growth rate of 2.2 percent. The required return on the stock is 13 percent and the current book value per share is $12.70. What is the current market value of this stock?A. $15.07
B. $15.62
C. $15.96
D. $16.31
E. $16.67
Answer
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