P8.20 Assume you obtain the following information about a certain company: Total assets $50,000,000 Total equity Net

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P8.20 Assume you obtain the following information about a certain company: Total assets $50,000,000 Total equity Net income EPS $25,000,000 $3,750,000 $5.00 per share Dividend payout ratio 40% Required return 12% Use the constant-growth DVM to place a value on this company's stock.

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Fundamentals Of Investing

ISBN: 9780136117049

11th Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart

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