Question
Chevrons current EPS are expected to be $7 this year, its ROE is currently 15%, it has a dividend payout ratio of 40% and the
Chevrons current EPS are expected to be $7 this year, its ROE is currently 15%, it has a dividend payout ratio of 40% and the market capitalization rate is 12%. What is the no-growth value of the stock?
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
