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Sooner Inc. pays dividends of $0.05 per share. The EPS and ROE of Sonner Inc. are $0.1 and 12%, respectively. You expect constant payout rate
Sooner Inc. pays dividends of $0.05 per share. The EPS and ROE of Sonner Inc. are $0.1 and 12%, respectively. You expect constant payout rate and return on equity. The required rate of return of 10%. What is the stock price according to the Gordon growth model?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
