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4- need correct anwser will leave a like thanks. Sultan Services has 1.4 milion shares cutstanding It expects earnings at the end of the year
4- need correct anwser will leave a like thanks.
Sultan Services has 1.4 milion shares cutstanding It expects earnings at the end of the year of $5.10 million. 5 ultan pays out 60% of its eamings in fotal - 40% paid out as dividends and 20% used to repurchase shares. If Sultan's earnings are expected to grow by 5% per year, these payout rates do not change, and Sultar's equity cost of capital is 9%, what is Sultan's share price? A. $1093 B. 554.64 C. $3278 0. 521.86 Step by Step Solution
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