Question
Early in 2013, Mark is analyzing shares of Jay Corp. He expects the following dividends per share (end of year). 2013 - $1.00, 2014 -
Early in 2013, Mark is analyzing shares of Jay Corp. He expects the following dividends per share (end of year). 2013 - $1.00, 2014 - $1.25, 2015 - $1.50.
He expects 2015 earnings per share to be $4.50 and Jay's P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than?
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Computational Finance Using C And C #
Authors: George Levy DPhil University Of Oxford
1st Edition
0750669195, 978-0750669191
