On December 31, 2019, equity analysts following ABC Corp. are forecasting earnings per share of $1.20 for
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On December 31, 2019, equity analysts following ABC Corp. are forecasting earnings per share of $1.20 for 2020 and $2.40 for 2021. The cost of equity capital is 10%. ABC Corp. does not pay dividends. ABC Corp. traded at a market price of $192 per share on December 31, 2019. Assume a constant AEG growth after 2021. What is the market's forecast of EPS for 2022?
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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