Question: Question 3 2 points Save Answer Howrah Corp just paid a dividend of $3 per share on earnings of $5 per share. They plan to

Question 3 2 points Save Answer Howrah Corp just paid a

Question 3 2 points Save Answer Howrah Corp just paid a dividend of $3 per share on earnings of $5 per share. They plan to continue to pay out dividends at this ratio forever. Howrah's ROE is 25%. The required return for Howrah is 15%, the expected return on the market is 13% and the risk free rate is 4%. Calculate the value at time zero (i.e. now) of Howrah's shares. (2 marks) Attach File Browse My Computer

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