consider the follow information which relates to a given organization: Item...
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Finance
consider the follow information which relates to a given organization:
Item
2019 Value
Earnings per Share
$6.56
price per share (common stock)
$39.06
Book Value (common stock equity)
$64.2 million
total common stock outstanding
2.55 million
Dividend per share
$4.9
Experts expect that the company can maintain a constant annual growth rate in dividends per share of 5.78% in the future, or possibly 7.65% for the next 2 years and 5.93% thereafter. in addition, it is expected that the risk the of the firm, as measured by the risk premium on its stock, to increase immediately from 8.95% to 10.69%. Currently, the risk free rate is 5.61%. Determine the firms current book value per share. (ROUND YOUR ANSWER TO 2 DECIMAL PLACES)
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