Equity Valuation (contd.)
{"Image DocumentName": "Equity Valuation (contd.)", "Image ImageDescription": "Analysts are forecasting EPS to be  0.70 and  0.89 in 2003 and 2004, respectively. The estimated long-term EPS growth rate is 32.5% for 2005 through KK\u2019s equity cost of capital is 11%, and the long-term growth rate (beyond 2007) is assumed to be 3%. Why might the value estimate from the above differ from the company\u2019s stock price in August 2003 (i.e.,  44 per share)? See Solutions posted on iLearn.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}