The following information has been collected regarding Benjamin Company:
Estimate a price per share for the stock of Benjamin using the following equity valuation models:
Definitions:
Car Loan
A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.
Interest Rate
The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.
Afford
The financial ability of an individual or organization to bear the cost of something without experiencing financial strain.
Borrowing
The act of receiving funds from another party with the agreement to repay the principal amount along with any agreed-upon interest or fees.
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