Question
Company forecasts to pay a $16.2 dividend next year, which represents 55% of its earnings. This will provide investors with a 16% expected return (or
Company forecasts to pay a $16.2 dividend next year, which represents 55% of its earnings. This will provide investors with a 16% expected return (or cost of equity =r). The firm's current return on equity is 30%. What is the value of the stock?
| $77.73 | ||
| $141.33 | ||
| $321.11 | ||
| $648.00 | ||
| $356.4 |
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Financial Management And Accounting Fundamentals For Construction
Authors: Daniel W Halpin, Bolivar A Senior
1st Edition
9780470182710
