Question
MLP's bonds have a coupon of 8%. Bank's saving account pays 2% interest. MLP's shareholders are expected rate of return of 10%. MLP has 1,000
MLP's bonds have a coupon of 8%. Bank's saving account pays 2% interest. MLP's shareholders are expected rate of return of 10%. MLP has 1,000 authorized shares and 900 outstanding. The forecast for the following four years is $30,000 $35,000 $40,000 $27,000.
What is the worth of one share?
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
