Ontario Ice Corporation has an expected profit margin of 10%, turnover ratio of 3, and a leverage ratio of 0.50.The firm expects an EPS of $3 next year and maintains a retention ratio of 60%.What should the share sell for today if the required return is 15%?
A) $13.33
B) $20.00
C) $26.67
D) $30.00
Correct Answer:
Verified
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