Laurel enterprises expects earnings next year of 382 per, Ask an Expert

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Laurel Enterprises expects earnings next year of $3.82 per share and has a 50 % 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 4.5 % 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93059021

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