the absolute finance company earned $5 a share last year and paid a dividend of...
60.1K
Verified Solution
Link Copied!
Question
Finance
the absolute finance company earned $5 a share last year and paid a dividend of $2 per share. next year you expect afc to earn $6 a share next year and continue its payout ratio. assume that you expect to sell the stick for $45 a year from now. if you require a 13 percent share on this stock how much would you be willing to pay for it.
Answer & Explanation
Solved by verified expert
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!
