Question: 25. 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

25. 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

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