Question: 2019 Value Consider the following information which relates to a given company; Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock
2019 Value Consider the following information which relates to a given company; Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $6.56 $40.95 $60.53 million million 2.93 $3.2 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.83% in the future, or possibly 7.6% for the next 2 years and 5.79% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.23% to 10.99%. Currently, the risk-free rate is 5.37%. Required: Determine the firm's current book value per share. per share (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)
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