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A company expects to pay a $0.85 per share dividend next year. Its return on equity is 10% per year, and its payout ratio
A company expects to pay a $0.85 per share dividend next year. Its return on equity is 10% per year, and its payout ratio is 70% and its retention ratio is 30%. If the company's cost of equity is 11% per year, what is the present value per share of its growth opportunities (PVGO)?
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
