QUESTION 12 "Annie's Donut Shops, Inc., has expected earnings of $1 per share for next year. The firm's ROE is 12%, and
Posted: Thu Dec 23, 2021 9:07 am
QUESTION 12 "Annie's Donut Shops, Inc., has expected earnings of $1 per share for next year. The firm's ROE is 12%, and its earnings retention ratio is 75%. If the firm's market capitalization rate is 10%, what is the value of the firm excluding any growth opportunities?"