Question
Blast Corp. is an all-equity firm. The company is expected to have constant earnings of $3.75 per share per annum for the foreseeable future (in
Blast Corp. is an all-equity firm. The company is expected to have constant earnings of $3.75 per share per annum for the foreseeable future (in perpetuity). If Blasts cost of equity is 8%, and there are currently 7 million shares outstanding,
Calculate the estimated market value of the firm's equity.
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
