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Sultan Services has 1.5 million shares outstanding. It expects earnings at the end of the year of $5.50 million. Sultan pays out? 60% of its earnings in total? - 40% paid out as dividends and? 20% used to repurchase shares. If? Sultan's earnings are expected to grow by 6?% per? year, these payout rates do not? change, and? Sultan's equity cost of capital is 9?%, what is? Sultan's share? price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92397365

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