Business
Business, 06.04.2021 03:20, kkneedz1369

Laurel Enterprises expects earnings next year of ​$ per share and has a retention​ rate, which it plans to keep constant. Its equity cost of capital is ​, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 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 ​$ per share and has a retention​ rate, which it pl...

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