Question
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
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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U.S. Mergers And Acquisitions Legal And Financial Aspects
Authors: Felix Lessambo
1st Edition
3030857344,3030857352
