Question
Joker stock has a sustainable growth rate of 9 percent, ROE of 13 percent, and dividends per share of $3.45. If the P/E ratio is
Joker stock has a sustainable growth rate of 9 percent, ROE of 13 percent, and dividends per share of $3.45. If the P/E ratio is 20.7, what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
1st Edition
0521823552, 9780521823555
