Question: . [20%] PT Uni-fintech did not pay dividends last year and will not be paid for 5 years to come too. Last year's EPS reached
. [20%] PT Uni-fintech did not pay dividends last year and will not be paid for 5 years to come too. Last year's EPS reached Rp.100 per share and all retained earnings used for investment in new projects. Expected ROE for 5 years 20% per annum and EPS for 5 years invested also 100%. Starting from the 6th year, ROE is estimated to decrease to 15% and this company will distribute dividends 40% of EPS, then this company will maintain subsequent dividend and reinvestment policies. When the company's capitalization rate is 15%, a) What is the intrinsic value per share of this company? b) Assuming the intrinsic value calculated from the previous question, what is the share price of two? years after from now? c) If the dividend payout ratio (DPS) becomes 20% starting in the 6th year, what is the stock price today? this?
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