Question
Goblin just paid dividends per share of $2.5.They will retain 21% of earnings and have a 15% return on equity (ROE). The required return is
Goblin just paid dividends per share of $2.5.They will retain 21% of earnings and have a 15% return on equity (ROE).
The required return is 24%. Find the current stock price.
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
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