Business, 10.11.2019 03:31 brittany7436

Laurel enterprises expects earnings next year of $4.06 per share and has a 40 % 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 3.6 % 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 $4.06 per share and has a 40 % retention rate, whic...

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