Question
ASU Inc. is expected to pay a dividend of $4 every year in the next 5 years. ASU always maintains a dividend payout ratio of
ASU Inc. is expected to pay a dividend of $4 every year in the next 5 years. ASU always maintains a dividend payout ratio of 10% and has an average PE ratio of 23. The required return is 8%. What is the stock price?
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Handbook Of The Fundamentals Of Financial Decision Making
Authors: Leonard C MacLean, William T Ziemba
1st Edition
9814417343, 978-9814417341
