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You use a stable-growth FCFE model to estimate the value of MCD at time 0. The time-0 FCFE per share, FCFE0, is $1.50. Your estimate
You use a stable-growth FCFE model to estimate the value of MCD at time 0. The time-0 FCFE per share, FCFE0, is $1.50. Your estimate of the growth rate is 5%. MCDs cost of equity is 8%. The value of the stock under the model is _____ per share. $2.5 $50.0 $52.5 $-52.5
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