Question: Chapter 13 Practice Test Question 21 P/E and Value JJ Industries retains 65% of its income. Last year's EPS was $2.65 and ROE is 14%.

Chapter 13 Practice Test Question 21 P/E and Value JJ Industries

Chapter 13 Practice Test Question 21 P/E and Value JJ Industries retains 65% of its income. Last year's EPS was $2.65 and ROE is 14%. Investors require a 12% return on this stock. What is the intrinsic value of the stock? e Multiple Choice $28.83 o o $33.90 o $31.28 o $29.62 o

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