20. Per our coverage of Revsine, if a company currently earns $5.00 per share, and...
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Accounting
20. Per our coverage of Revsine, if a company currently earns $5.00 per share, and has a risk-adjusted cost of equity capital of 9%, a share of common stock should theoretically sell for
a. $0.45
b. $5.00
c. $48.00
d. $55.55
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