Question: Q 1 0 You expect that Bean Enterprises will have earnings per share of $ 3 . 0 for the coming year. Bean plans to

Q10 You expect that Bean Enterprises will have earnings per share of $3.0 for the coming year. Bean plans to retain all of its earnings for the next three years. For the subsequent two years, the firm plans on retaining 50% of its earnings. It will then retain only 25% of its earnings from that point forward.. If Bean's equity cost of capital is 11%, then the price of a share of Bean's stock is closest to:
Q10 You expect that Bean Enterprises will have earnings per share

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