Question
Laframboise du Lac Inc. spent $7 billion on stock repurchases last year and also issued dividends in the amount of $2 billion last year. Distributions
Laframboise du Lac Inc. spent $7 billion on stock repurchases last year and also issued dividends in the amount of $2 billion last year. Distributions of this type are expected to grow by 8% per year for about 50 years.The company has an equity beta of 1.13 and the current risk-free rate and market risk premium are 2% and 9% respectively.Laframboise du Lac has 5 billion shares outstanding.What is your estimate for the share price?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
