Question: Attempts 9. Problem 8-09 eBook Average / 1 Problem 8-09 You are valuing a bank. The bank currently has assets of $300 per share.

Attempts 9. Problem 8-09 eBook Average / 1 Problem 8-09 You are valuing a bank. The bank currently has assets of $300 per share. Five years from now (that is, at the end of five years), you expect their assets per share to be $460. After Year 5, you expect their assets per share to grow at 3.5 percent per year forever. The bank has an ROA of 1.4 percent and an ROE of 13.0 percent. The bank's cost of equity is 11.5 percent. What is the value of the bank's stock? Use the free cash flow to equity model to value this stock. Do not round intermediate calculations. Round your answer to the nearest cent. $ Grade it Now Save & Continue Continue without saving without

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