Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. joker stock has a sustainable growth rate of 9 per

Joker stock has a sustainable growth rate of 9 percent, ROE of 15 percent, and dividends...

90.2K

Verified Solution

Question

Finance

Joker stock has a sustainable growth rate of 9 percent, ROE of15 percent, and dividends per share of $3.15. If the P/E ratio is19.7, what is the value of a share of stock? (Do not roundintermediate calculations. Round your answer to 2 decimalplaces.)

Answer & Explanation Solved by verified expert
4.0 Ratings (461 Votes)
Solution As per the information given in the question we have Sustainable growth rate 9 ROE 15 Dividends per share 315 PE ratio 197 Calculation of Dividend Payout ratio We know that Sustainable growth rate ROE 1    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Joker stock has a sustainable growth rate of 9 percent, ROE of15 percent, and dividends per share of $3.15. If the P/E ratio is19.7, what is the value of a share of stock? (Do not roundintermediate calculations. Round your answer to 2 decimalplaces.)

Other questions asked by students

Q

6. (a) let f : R ? R be a function defined by f(x) = x +...

Basic Math
Q

Specific Identification, FIFO, LIFO, and Weighted-Average Swing Company's beginning inventory and purchases during the fiscal year ended...

Accounting
Q

Math SAT scores (Y) are normally distributed with a mean of 1500 and a standard deviation...

Accounting
Q

7 2 CRITICAL THINKING APPLICATION Christiana is composing several letters Who would sign each of...

Biology
Q

you expected your beverage to have a percent sucrose by volume of 12 2 but...

Basic Math
Q

he population of a southern city is growing according to the exponential law Complete parts...

Basic Math
Q

A survey of adult men and women asked Which one of the following jobs would...

Statistics
Q

Fill in the blank The Commutative Property of Multiplication states that for any real numbers...

Algebra
Q

All questions are located on the last page. Accounting...

Accounting
Q

Owl Vision Corporation (OVC) is a North Carolina corporation engaged in the manufacture and sale...

Accounting
Q

Craylon Manufacturing produces a single product that sells for $100. Variable costs per unit equal...

Accounting
Q

V Show Time Remaining Contingent Liabilities should be recorded in the financial statements it. A....

Accounting