Question
KLM Company reported earnings of $20 million a few weeks ago and paid out a dividend of 15% of its earnings. The discount rate for
KLM Company reported earnings of $20 million a few weeks ago and paid out a dividend of 15% of its earnings. The discount rate for valuing KLM is 15%. KLM Companys expected growth rate is 3%. What is the value of KLM Company?
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Beer Business Finance
Authors: Kary R Shumway
1st Edition
1090833741, 978-1090833747
