7. The following are ROCE forecasts made for a firm: ROCE is expected to continue...
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7. The following are ROCE forecasts made for a firm: ROCE is expected to continue at the same level after 2015 . The firm reported book value of common equity of $3.2 billion at the beginning of 2013 , with 266.67 million shares outstanding. If the required return on equity is 10 percent, what is the per-share value of these shares at the beginning of 2013 (now)? a. $6.40 b. $8.30 c. $9.50 d. $10.10 e. $12.00
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