8. An analyst presents you with the following pro forma (in millions of dollars) that...
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8. An analyst presents you with the following pro forma (in millions of dollars) that gives her forecast of earnings and dividends for 2013-2017. She asks you to value the 1,380 million shares outstanding at the end of 2012 , when common shareholders' equity stood at $4,310 million. Use a required rate of return for equity of 10 percent in your calculations. Forecasted book value for year 2017 is: a. 4,030 b. 5,030 c. 6,030 d. 7,030 e. 8,030
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