You buy a stock which has the following features: Price: 500 EPS: 33.3 Payout ratio: 25% Projected
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Question:
You buy a stock which has the following features:
- Price: 500
- EPS: 33.3
- Payout ratio: 25%
- Projected EPS growth 15%
What will EPS have to be equal to in year 3 for you to get a 12% return on your investment? What will the share be worth then?
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