Box 16.4 in this chapter values Nike's shares using residual operating income methods. a. Modify the proforma

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Box 16.4 in this chapter values Nike's shares using residual operating income methods.

a. Modify the proforma in Box 16.4 to forecast abnormal operating income growth, and value the shares from these forecasts.

b. Apply the simple forecast model (equation 15.5 in Chapter 15) that combines short-term and long-term growth rates. Box 15.4 will help you.

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Financial Statement Analysis and Security Valuation

ISBN: 978-0078025310

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Authors: Stephen Penman

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Box 16.4 in this chapter values Nike's shares using residual operating income methods. a. Modify the proforma

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a 2005 2006 2007 2008 2009 2010 ReOI 86 charge 7836 8547 6760 6086 6634 6966 Abnormal OI Growth ReOI ...View the full answer

Financial Statement Analysis and Security Valuation

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