Question
A firm expects its next year earnings per share to equal $2.00 and its next year cash dividends per share (d 1 ) to equal
A firm expects its next year earnings per share to equal $2.00 and its next year cash dividends per share (d1) to equal $1.50. This firms annual Cost of Equity (ke) is 10% and Return on Equity is 12%. What is its current per share cash-cow fundamental value of its stock?
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
