Business, 20.06.2020 22:57 asauerha

Laurel Enterprises expects earnings next year of $4.18 per share and has a 30 % retention rate, which it plans to keep constant. Its equity cost of capital is 9 %, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 2.7 % per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be?

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Laurel Enterprises expects earnings next year of $4.18 per share and has a 30 % retention rate, whic...

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