At the beginning of 2023 , Company C has a book value of $100 Billion....
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Accounting
At the beginning of 2023 , Company C has a book value of $100 Billion. You forecast Company C will earn \$23 Billion of net income for 2023 . Your estimate of Company C's cost of equity is 10%. What is Company C's residual income for 2023 ? $13 Billion $10 Billion $23 Billion $3 Billion
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