Question
Comcast Corp had $10.1 billion in FCFE last year. You are expecting the firm to grow at the annual rate of 4%. The company has
Comcast Corp had $10.1 billion in FCFE last year. You are expecting the firm to grow at the annual rate of 4%. The company has a WACC of 11% and a cost of equity of 15%. The market value of debt is $105.6 billion is and 2.54 billion shares are outstanding. How much should the price of Comcast stock be?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
