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I should've known that. .it def. makes sense logically. . .I got confused b/c little b is used to represent retention rate elsewhere. .

But how does justified P/B = (ROE - g) / (r-g)?


Thanks planner!

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B is earnings retention rate...



Edited 1 time(s). Last edit at Thursday, March 13, 2008 at 08:35PM by planner.

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