Question
You buy a stock which has the following features: Price: 500 EPS: 33.3 Payout ratio: 25% Projected EPS growth: 15% What will EPS have to
You buy a stock which has the following features:
Price: 500
EPS: 33.3
Payout ratio: 25%
Projected EPS growth: 15%
What will EPS have to be equal to in year 3 for you to get a 12% return on your investment? What will the share be worth then?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
