Using the forecasts in Exercise E 13.7, forecast abnormal operating income growth and, from these forecasts, value
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Using the forecasts in Exercise E 13.7, forecast abnormal operating income growth and, from these forecasts, value the operations and the equity. The required return for operations is 10.1 percent.
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This extends Exercises E132 and E133 to valuation 2005A 2006E 2007E 2008E 2009E Operating income OI 18700 20009 21410 22908 Net operating assets NOA 1...View the full answer
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