Here are the data on two stocks with a discount rate of 12%: Stock A Stok B
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Question:
Here are the data on two stocks with a discount rate of 12%:
Stock A | Stok B | |||||
Return on Equity | 12 | % | 10 | % | ||
Earnings per share | $ | 2.60 | $ | 2.10 | ||
dividend per share | $ | 1.30 | $ | 1.30 | ||
What is the appropriate stock price for each firm? (Do not round up intermediate calculations. Round your answers to 2 decimal places.)
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