Leslie Apparel Has a Current Book Value Per Share of $15.23

question 14

Multiple Choice

Leslie Apparel has a current book value per share of $15.23 and current earnings per share of $1.93. The required return is 8 percent and the expected earnings growth rate is 4.5 percent. What is one share of this stock worth today?

• A)$36.02
• B)$36.39
• C)$37.93
• D)$38.04
• E)$39.23

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Definitions:

Middle Ear

The part of the ear located between the eardrum and the oval window, containing the three small bones that transmit sound vibrations.

Deafness

The condition of lacking the power of hearing or having impaired hearing.

Auricle

The outer part of the ear; also known as the pinna.

Malleus

A small bone in the middle ear that transmits sound vibrations from the eardrum to the incus.