Question: Taranda s Posters has a current book value per share of $ 1 2 . 3 9 and current earnings per share of $ 1

Tarandas Posters has a current book value per share of $12.39 and current earnings per share of $1.02. The required return is 7 percent and the expected earnings growth rate is 3.5 percent. What is one share of this stock worth today?
Multiple Choice
$16.75
$17.39
$17.77
$18.23
$13.93

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