extruded

Extruded Elements had Net Income of $25,000,000 last year, and $26,250,000 this year (in line with its long-term earnings growth rate). There are 4,000,000 shares outstanding, and the firm follows a policy of paying 30% of its earnings out as dividends kboard.tamut.edu/webapps/assessment/review/review.jsp?attempt_id 1207928 1&course_id-_8337_1&content_id-_766802_1&outcom. Review Test Submission: Practice PS 2 - FIN474.01W-.. The required rate of return on Extruded's shares is 13 %. What is the share price today based on the Gordon growth model? I Selected Answer: C. $25.88