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6.8 Problem 6-11 Sustainable Growth (LO4, CFA6) Joker stock has a sustainable growth rate of 12 percent, ROE of 14 percent, and dividends per share

6.8

Problem 6-11 Sustainable Growth (LO4, CFA6) Joker stock has a sustainable growth rate of 12 percent, ROE of 14 percent, and dividends per share of $1.40. If the P/E ratio is 19.0, what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock value per share

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