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Suppose the risk-free rate is 3.11% and an analyst assumes a market risk premium of 5.26%. Firm A just paid a divideno of $1.03 per
Suppose the risk-free rate is 3.11% and an analyst assumes a market risk premium of 5.26%. Firm A just paid a divideno of $1.03 per share. The analyst estimates the of Firm A to be 1.37 and estimates the dividend growth rate to be 4.67% forever. Firm A has 272.00 million shares outstanding. Firm B just paid a dividend of $1.82 per share. The analyst estimates the of Firm B to be 0.84 and believes that dividends will grow at 2.25% forever. Firm B has 196.00 million shares outstanding. What is the value of Firm A? Answer format: Currency: Round to: 2 decimal places
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