Question
Procter & Gamble Co. had $10.11 billion in FCFF. Its book value of debt is $75 billion and its market value of debt is $73
Procter & Gamble Co. had $10.11 billion in FCFF. Its book value of debt is $75 billion and its market value of debt is $73 billion. 2.70 billion shares of P&G stocks are outstanding as of now. If the estimated growth rate of the company is 3% for foreseeable future and it has a WACC of 8%, what is the price per share of P&G stocks?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
