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I have this question: Company XYZ has: b: 69% Last dividend paid: $25/share ROE: 15% # of Shares: 15,897 Its Book Value will be: 537,63$/share
I have this question:
Company XYZ has:
b: 69%
Last dividend paid: $25/share
ROE: 15%
# of Shares: 15,897
Its Book Value will be:
- 537,63$/share
- 166.67$/share
- 241.55$/share
- None of the answers
I know that answer is the first one, but I didn't understand how it was calculated. Could please explain it step-by-step, telling me why we are doing each step? I've been stuck with this question for days.
Thank you so much in advance!
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