Leslie Apparel has a current book value per share of $5.15 and current earnings per share of $1.13.The required return is 14 percent and the expected earnings growth rate is 4.5 percent.What is one share of this stock worth today?
A) $7.44
B) $8.77
C) $9.99
D) $10.65
E) $11.13
Correct Answer:
Verified
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