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Analysts expect Virtucon to make payouts of $3.365 billion at the end of this year. Assume that all payouts occur annually at the end of
Analysts expect Virtucon to make payouts of $3.365 billion at the end of this year. Assume that all payouts occur annually at the end of the year and that we are at the beginning of the year. Analysts forecast that Virtucon's payouts will grow at 1.5% in perpetuity. Virtucon stockholders require a return of 6%. Virtucon has 2.13 billion shares outstanding and has cash on hand of $6.42billion. What is the fair price for Virtucon's shares today? O $55.47 O $52.58 O $38.12 O $40.52
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