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Business, 23.04.2021 02:50, Mariaisagon8446
Sultan Services has million shares outstanding. It expects earnings at the end of the year of 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 % per year, these payout rates do not change, and Sultan's equity cost of capital is %, what is Sultan's share price?
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Sultan Services has million shares outstanding. It expects earnings at the end of the year of millio...
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