Business
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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