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financial management Consider the following information which relates to a given company: Item 2019 Value $6.09 Earnings Per Share Price Per Share (Common Stock) Book

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financial management

Consider the following information which relates to a given company: Item 2019 Value $6.09 Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) $41.34 $62.7 million Total Common Stock Outstanding 2.57 million Dividend Per Share $4.98 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.93% in the future, or possibly 7.51% for the next 2 years and 5.35% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.04% to 10.03%. Currently, the risk-free rate is 5.55%. Required: Determine the firm's current book value per share. $ per share (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)

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