A stock has a required return of 12.72 percent, a constant growth rate of 6.81 percent, and
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Question:
A stock has a required return of 12.72 percent, a constant growth rate of 6.81 percent, and a dividend payout ratio of 67 percent. What should the stock's P/E ratio be?
Answer to two decimals
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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