Question
The current stock price of Executive Socks is $24 per share. As the analyst covering the company, you forecast next years dividend of $3.50 per
The current stock price of Executive Socks is $24 per share. As the analyst covering the company, you forecast next years dividend of $3.50 per share and next years stock price of $21. Executive Socks beta is 0.6. The risk-free rate is 3% and the market risk premium is 5%. What are the stock's NPV and expected return?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
