Pdq corporation is forecast to have total earnings of 1, Ask an Expert

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PDQ Corporation is forecast to have total earnings of $1 billion next year and to pay out a total of 25% of these earnings to shareholders in the form of share repurchases and dividends. PDQ Corporation has 100 million shares outstanding. Its earnings are forecast to grow at a rate of 6% constantly. The stock's required rate of return is 10%. What is the value of a share today? Answer in dollars and round to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91559530

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