Question
a firm that reported earnings per share of $ 5.00 dividends per share of $ 1.00 dividends per share are expected to grow 16% a
a firm that reported earnings per share of $ 5.00
dividends per share of $ 1.00
dividends per share are expected to grow 16% a year for the next 3 years and 5% thereafter, indefinitely
cost of equity for this firm is 12%
estimate the value per share.
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
