Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An analyst has gathered the following information for the Oudin Corporation: Expected earnings per share $81.29 Expected dividends per share $46.58 Dividends are expected to
An analyst has gathered the following information for the Oudin Corporation: Expected earnings per share $81.29 Expected dividends per share $46.58 Dividends are expected to grow at 0.06 percent per year indefinitely The required rate of return is 0.12 percent Based on the information provided, the justified forward price/earnings multiple for Oudin is closest to.................... (round it to two points after a decimal if needed (example : 1.01))
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started