Summers corp currently has an eps of 738 and the benchmark, Financial Management

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Summers corp currently has an eps of 738 and the benchmark

Summers Corp. currently has an EPS of $7.38, and the benchmark PE for the company is 23. Earnings are expected to grow at 9.77 percent per year.

Assuming the company pays no dividends, what is the implied return on the company's stock over the next year?

Hint: we assume that the industry PE does not change over the years.

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Financial Management: Summers corp currently has an eps of 738 and the benchmark

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Financial Management: Summers corp currently has an eps of 738 and the benchmark

Reference No:- TGS01176739

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