16 of 20 (13 complete) HW Score: 46.43%, 13 of 28 pts Score: 0 of...
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16 of 20 (13 complete) HW Score: 46.43%, 13 of 28 pts Score: 0 of 1 pt Question Help P8.14 (similar to) The price of Myrtle's Plumbing Supply Co. is now $88. The company pays no dividends. Ms. Bossard expects the price 3 years from now to be $115 per share. Should she buy Myrtle's Plumbing stock if she desires a rate of return of 9%? Explain. (Hint. Evaluate this situation using justified price intrinsic value). In this case ignore dividends.) The justified price (or intrinsic value) of the stock is $ (Round to the nearest cent.)
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