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Business, 12.03.2021 15:00 markleal4022
Consider a company that earned $4.00 per share last year and paid a dividend of $1.00. The firm has maintained a consistent payout ratio over the years and analysts expect this to continue. The firm is expected to earn $4.40 per share next year, and the stock is expected to sell for $30.00. The required rate of return is 12%. What is the best estimate of the stock's current value?
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Consider a company that earned $4.00 per share last year and paid a dividend of $1.00. The firm ha...
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