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Microsoft Corporation 2011 2010 2009 Net income.. $23,958 $18,846 - Stockholders equity.. 57,083 46,175 $39,558 Dividends.... 5,394 4,547 - Net common stock issued. (7,656) (7,682)
Microsoft Corporation | 2011 | 2010 | 2009 |
Net income.. | $23,958 | $18,846 | - |
Stockholders equity.. | 57,083 | 46,175 | $39,558 |
Dividends.... | 5,394 | 4,547 | - |
Net common stock issued. | (7,656) | (7,682) | - |
Use the information from above. Assume the free cash flow to common equity for Microsoft is for the terminal year. Also assume that Microsoft will grow at a constant rate of 3 percent and that Microsofts cost of equity is 8 percent. Computer Microsofts terminal value.
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