Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(b) Old Town Berhad dijangkakan menjana aliran tunai bebas seperti berikut: Old Town Berhad is expected to the following free cash flow: Tahun/Year Aliran Tunai
(b) Old Town Berhad dijangkakan menjana aliran tunai bebas seperti berikut: Old Town Berhad is expected to the following free cash flow: Tahun/Year Aliran Tunai Bebas / Free Cash Flow 2012 2013 2014 RM100 juta/million RM120 juta/million RM130 juta/million RM140 juta/million RM100 juta/million 2015 2016 (1) Old Town Berhad mempunyai 80 juta saham terkumpul, RM30 juta lebihan tunai dan mempunyai hutang RM20 juta. Sekiranya kos modalnya adalah 12% dan kadar pertumbuhan 4% melebihi tahun 2016, apakah harga sahamnya? Old Town Berhad has 80 million shares outstanding, RM30 million excess cash and has RM20 million debt. If its cost of capital is 12% and the growth rate is 4% beyond 2016, what should its stock price be? (6 markah/marks) (b) Old Town Berhad dijangkakan menjana aliran tunai bebas seperti berikut: Old Town Berhad is expected to the following free cash flow: Tahun/Year Aliran Tunai Bebas / Free Cash Flow 2012 2013 2014 RM100 juta/million RM120 juta/million RM130 juta/million RM140 juta/million RM100 juta/million 2015 2016 (1) Old Town Berhad mempunyai 80 juta saham terkumpul, RM30 juta lebihan tunai dan mempunyai hutang RM20 juta. Sekiranya kos modalnya adalah 12% dan kadar pertumbuhan 4% melebihi tahun 2016, apakah harga sahamnya? Old Town Berhad has 80 million shares outstanding, RM30 million excess cash and has RM20 million debt. If its cost of capital is 12% and the growth rate is 4% beyond 2016, what should its stock price be? (6 markah/marks)
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