Question
Market analysts expect NOZ Ltds current earnings per share of $1.50 to grow at 5% p.a. forever. The firm is also expected to retain 40%
Market analysts expect NOZ Ltds current earnings per share of $1.50 to grow at 5% p.a. forever. The firm is also expected to retain 40% of these earnings forever. If the expected return on the shares is 15%, the company's share price today should be closest to:
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick, Ayako Yasuda
3rd Edition
1119490111, 978-1119490111
