Module 9: Valuation of equity Company: chipotle. Matt Ramirez. Chipotle background. Mexican grill that focuses on serving quality food while maintaining speed and efficiency Found in 1993 by Steve Ells in Denver, Colorado
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*Implied rate: fourth root of difference from 2014-2018
*Calculated by substituting current market price into REI equation and solving for growth
*(CIt+1 – rEq x CSEt/CIt – rEq x CSEt-1)=1+g