A company has a book value per share of $26.70 at the end of 2019....
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Finance
A company has a book value per share of $26.70 at the end of 2019. Its EPS in 2020 is $6.42. Its beta is 1.7, the risk-free rate is 2.17% and the equity risk premium is 5.25%. What is the company's residual income in 2020? Select one:
a. $4.96
b. $3.46
c. $3.96
d. $4.46
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