Leslie Apparel has a current book value per share of $15.23 and current earnings per share of $1.93. The required return is 8 percent and the expected earnings growth rate is 4.5 percent. What is one share of this stock worth today?
A)$36.02
B)$36.39
C)$37.93
D)$38.04
E)$39.23

Question

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The Answer of Leslie Apparel has a current book value per share of $15.23 and current earnings per share of $1.93. The required return is 8 percent and the expected earnings growth rate is 4.5 percent. What is one share of this stock worth today?
A)$36.02
B)$36.39
C)$37.93
D)$38.04
E)$39.23

Leslie Apparel Has a Current Book Value Per Share of $15.23