Problemmikes trading company is expected to have eps in the, Ask an Expert

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Mike's Trading Company is expected to have EPS in the upcoming year of $5. The expected ROE is 10%. An appropriate required return on the stock is 11%.

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Question: If the firm has a plowback ratio of 60%, what should be the price of the stock?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166350

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