4. The following are earnings and dividend forecasts made at the end of 2012 for...

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Finance

image 4. The following are earnings and dividend forecasts made at the end of 2012 for a firm with $21.88 book value per common share at that time. The firm has a required return of 10 percent per year. The forecast of the return on common shareholder equity (ROE) for the year 2013 is: a. 12.71% b. 13.71% c. 14.71% d. 15.71% e. 16.71%

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