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Elton Company is expected to pay out 40% of the expected earnings per share of $0.50. Investors expect perpetual growth of 9% per annum. The
Elton Company is expected to pay out 40% of the expected earnings per share of $0.50. Investors expect perpetual growth of 9% per annum. The required rate of return is 12%. What is the price of the share?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
