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Power Build Constructions (PCB) has just declared an annual dividend of EUR 4.86 per share, with dividends expected to grow at 3.9% p.a. indefinitely. PCB

  1. Power Build Constructions (PCB) has just declared an annual dividend of EUR 4.86 per share, with dividends expected to grow at 3.9% p.a. indefinitely. PCB has a beta of 1.3 and the risk-free rate is currently 2.3%. If the required rate of return for investors in PCB shares is 11.2% p.a., the intrinsic value of PCB per share is closest to:

    1. EUR 56.74

    2. EUR 66.58

    3. EUR 69.17

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