Question
ABC Corp has a 11.96% return on equity and reinvests (retains) 33% of its profits. What is the intrinsic value of the company's share of
ABC Corp has a 11.96% return on equity and reinvests (retains) 33% of its profits. What is the intrinsic value of the company's share of stock, to the nearest penny, if the required rate of return is 16.9% and the most recent annual dividend per share (D0) was $2.58?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
