Question: Please answer this asap! 26: Nu-Tech Software Co. went public three months ago. a) The firm's stock has a market price of $20 per share

Please answer this asap! Please answer this asap! 26: Nu-Tech Software Co. went public three months

26: Nu-Tech Software Co. went public three months ago. a) The firm's stock has a market price of $20 per share and a book value of $12 per share. If its cost of equity capital is 15% and its book value is expected to grow at 5% per year indefinitely, determine the market's assessment of its steady state return on equity using the discounted abnormal earnings model. Calculation

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