Question: Please show all steps and double check your work! Question 7 1 pts LMN Co. expects earnings per share of $3.99 next year. Current book

Please show all steps and double check your work!

Question 7 1 pts LMN Co. expects earnings per share of $3.99 next year. Current book value is $7.27 per share. The appropriate discount rate for LMN is 7.94 percent. Calculate the share price (in $) for LMN if earnings grow at 3.33 percent forever. Answer to two decimals

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