Question: PLEASE LEAVE STEPS THOROUGHLY AND CIRCLE ANSWER. THANK YOU :) 35 Suppose the risk-free rate is 1.71% and an analyst assumes a market risk premium
35 Suppose the risk-free rate is 1.71% and an analyst assumes a market risk premium of 7.91%. Firm A just paid a dividend of $124 per share. The analyst estimates the of Firm A to be 1.22 and estimates the dividend growth rate to be 4.81% forever. Firm A has 255.00 million shares outstanding. Firm B just paid a dividend of $1.65 per share. The analyst estimates the B of Fimm B to be 0.81 and believes that dividends will grow at 2.56% forever. Firm B has 194.00 million shares outstanding. What is the value of Firm B? Submit Answer format: Currency: Round to: 2 decimal places
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