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Safari Ltd announced total liabilities of R1500 million and total assets of R2100 million at the end of 2021. Safari Ltd has 50 million shares
Safari Ltd announced total liabilities of R1500 million and total assets of R2100 million at the end of 2021. Safari Ltd has 50 million shares outstanding, an ROE of 18% and a dividend payout of 30%. The firm's required rate of return is 7.50% and its market price is R74.17. Using a single-stage residual income model, Safari's shares are most likely ... a. R72. b. R96. c. R84
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