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help soon please and thank you NORDAM Group, a fim that specializes in the desigo and manufacturing of aircraft components, has 170 million shares outsianding
help soon please and thank you
NORDAM Group, a fim that specializes in the desigo and manufacturing of aircraft components, has 170 million shares outsianding and analyats oxpect NORDAM to have earnings of $450 million this coming year (t=1). NOROAM plans to pay out 58% of its earnings in dividends and they expect to use another 11% of their earnings to ropurchase shares. NORDAM, equity cost of cap tal is 13\%. Its earings are expected to grow at a rale of 3% per year and these payout cates are expected to remain conatant. What is the value of one share of NORDAM stock today? A. 514,05 B. $15.35 C. $18.26 D. $2647 E. 32.91 F. None of the above antwers is within 50 os of the correct antwor Step by Step Solution
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