In 2021, DTE had an ROE of 8 15 percent, EPS of $4 69, and a per share dividend of D 0 $3 56 Assuming a 5 5 percent discount rate, what is the value of DTEs stock ...

Lets get you started DTEs payout ratio was 356469 759 or about 759 ...

In 2021, DTE had an ROE of 8.15 percent, EPS of $4.69, and a per-share dividend of

Question:

In 2021, DTE had an ROE of 8.15 percent, EPS of $4.69, and a per-share dividend of D₀ = $3.56. Assuming a 5.5 percent discount rate, what is the value of DTE’s stock?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

See More Books

Question Posted: Dec 29, 2023 10:27 PM

See More Questions

Ragan, Inc., was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating, ventilation, and cooling (HVAC) units. Ragan,...
1.Hope Corporation bonds bearing a coupon rate of 12%, pay coupons semiannually, have 3 years remaining to maturity, and are currently priced at $940 per bond. What is the yield to maturity? 2....
A perpetual bond has a P10,000 face value and provides an 10% annual coupon. The appropriate discount rate is 12%. What is the value of the bond? 2. A coupon bond has a P10,000 face value and...
Suppose, in the New Monetarist model, that there is deficient financial liquidity. If the fiscal authority were to engineer a tax cut, financed by an increase in the quantity of government debt, with...
Give the approximate minimum temperature at which it is possible to austenitize each of the following ironcarbon alloys during a normalizing heat treatment: (a) 0.20 wt% C, (b) 0.76 wt% C, and (c)...
The existence and completeness assertions are complementary but require different audit approaches. Required a. Why is it more difficult to test for the completeness than the existence/ occurrence of...
Have you ever bought a new (or used) car? What were the negotiations like? Did you enjoy the negotiations? Why or why not?
The two largest diner chains in Kansas compete for weekday breakfast customers. The two chains, Golden Inn and Village Diner, each offer weekday breakfast customers a breakfast club membership that...
Daffy Corporation has two processing departments-Mixing and Cooking. Daffy uses the FIFO method. The following information relates to the Mixing Department: Percentage Complete Mixing Department...
A stock will not pay dividends until three years from now. The dividend then will be $2.00 per share, the dividend payout ratio will be 40 percent, and return on equity will be 15 percent. If the...
Which of the following assumptions does the constant growth dividend discount model require? I. Dividends grow at a constant rate. II. The dividend growth rate continues indefinitely. III. The...
If 250 adults are randomly selected, find the probability that 15 or fewer of them are lefthanded. Does the result of 15 lefthanded adults appear to be unusually low? Distributions of Sample...
The engine designed by Lenoir was essentially an atmospheric engine based on the early steam engines. In this, a combustible mixture was contained in a cylinder: it was ignited and the pressure...
Assuming that entropy is a continuous function, $s=s(T, v)$, derive the expression for entropy change \[\mathrm{d} s=c_{v} \frac{\mathrm{d} T}{T}+\left(\frac{\partial p}{\partial T} ight)_{v}...
The Dieterici equation for a pure substance is given by \[p=\frac{\Re T}{v-b} \mathrm{e}^{-\frac{a}{\Re T v}}\] Determine (a) the constants $a$ and $b$ in terms of the critical pressure and...
Derive expressions for $\left(\frac{\partial c_{v}}{\partial v} ight)_{T}$ for substances obeying the following laws: (a) $p=\frac{\Re T}{v-b} \mathrm{e}^{-\frac{a}{\Re T v}}$ (b) \(p=\frac{\Re...
Recalculate P3.2 assuming that the pump efficiency $\eta_{\mathrm{P}}=0.8$, and the turbine efficiency $\eta_{\mathrm{T}}=$ 0.9. Comment on the effect on the thermal efficiency of the plant, and...
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
A woman at a point A on the shore of a circular lake with radius 2 mi wants to arrive at the point C diametrically opposite on the other side of the lake in the shortest possible A time. She can walk...
Explain why segmentation efforts based on attempts to divide the mass market using a few demographic dimensions may be very disappointing.
Illustrate the concept that segmenting is an aggregating process by referring to the admissions policies of your own college and a nearby college or university.
Consider the market for off-campus apartments in your city. Identify some submarkets that have different needs and determining dimensions. Then evaluate how well the needs in these market segments...
1. The expected return on the market portfolio is 9%. The risk free rate is 5%. The variance of the market portfolio returns is 0.08 and the covariance of the market and GE returns is 0.06. a....
You bought shares in Wasatch Small Cap Investor Fund, spending $10,000. The fund has an annual net expense ratio of 1.27%. If the fund earns an average return of 8% annually before deducting the net...
At the end of five years, you will receive $15,000 and deposit this in the bank toward your goal of $59,000 at the end of year 12. In addition to the lump-sum deposit, how much must you deposit in...

In 2021, DTE had an ROE of 8.15 percent, EPS of $4.69, and a per-share dividend of

Question:

Step by Step Answer:

Lets get you started DTEs payout ratio was 356469 759 or about 759 ...View the full answer

Fundamentals Of Investments Valuation And Management

Students also viewed these Business questions