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Question 18 0 out of 2.8 points RVC Industries has 200,000,000 shares outstanding. The firm's expected earnings are $350,000,000. It will payout 30% of its
Question 18 0 out of 2.8 points RVC Industries has 200,000,000 shares outstanding. The firm's expected earnings are $350,000,000. It will payout 30% of its earnings as follows: 75% in dividends and the remaining 25% will be spent on share repurchases. The firm's earnings growth rate is 7%, and its cost of equity capital is 12%. Based on this information, the firm's price per share is
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
