CHAPTER 14 QUESTION 3

FINANCE  Investment Analysis and Portfolio Management CHAPTER 14 QUESTION 3
    A biotechnology firm is growing at a compound rate of over 21 percent a year.(Its ROE   is   over   30   percent,   and   it   retains   about   70   percent   of   its   earnings.)The   stock   of   this   company is priced at about 65 times next year's earnings. Discuss whether you consider   this a growth company and/or a growth stock.

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