The growth in per share free cash flow to equity (FCFE) of SYNK Inc. is expected to
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The growth in per share free cash flow to equity (FCFE) of SYNK Inc. is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years. After this five-year period, the growth in per share FCFE is expected to be 3% per year, indefinitely. The required rate of return on SYNK Inc. is 11%. Last year's per share FCFE was $2.75. What should the stock sell for today?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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