A firm is expected to have an ROCE of 6% per year indefinitely. Its current BPS is
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A firm is expected to have an ROCE of 6% per year indefinitely. Its current BPS is $9.27 and it has a required return of 8.2%. The firm has a full dividend payout policy. What is the intrinsic P/B ratio (approx.)?
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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