Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN: 9781337902571
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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In March 2023, Tech Solutions Inc. traded at $45 per share on a book
value of $62 per share. Analysts were estimating that Tech Solutions
would earn $3.10 per share for the year ending December 2023. The
firm was paying an annual dividend of $1.50 per share. Calculate the
return on common equity (ROCE) that analysts were forecasting for
2023.
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Transcribed Image Text:In March 2023, Tech Solutions Inc. traded at $45 per share on a book value of $62 per share. Analysts were estimating that Tech Solutions would earn $3.10 per share for the year ending December 2023. The firm was paying an annual dividend of $1.50 per share. Calculate the return on common equity (ROCE) that analysts were forecasting for 2023.
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ISBN:9781337902571
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