A company is expected to grow earnings by 4.2% per year forever. The firm's cost of equity
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A company is expected to grow earnings by 4.2% per year forever. The firm's cost of equity is 9.2% and the firm's ROE is 12%. What should the firm's forward P/E be?
Related Book For
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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