Solutions to Quiz 2 are after the questions

39. Annie's Donut Shops, Inc. has expected earnings of $3.00 per share for next year. The firm's ROE is 18% and its earnings retention ratio is 60%. If the firm's market capitalization rate is 12%, what is the value of the firm excluding any growth opportunities? A) $25.00 . B) $50.00 . C) $83.33 . D) $208 ................
................