Laurel Enterprises expects earnings next year of $4.32 per share and has a 40% retention rate, which it plans to keep co

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Laurel Enterprises expects earnings next year of $4.32 per share and has a 40% retention rate, which it plans to keep co

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Laurel Enterprises Expects Earnings Next Year Of 4 32 Per Share And Has A 40 Retention Rate Which It Plans To Keep Co 1
Laurel Enterprises Expects Earnings Next Year Of 4 32 Per Share And Has A 40 Retention Rate Which It Plans To Keep Co 1 (12.42 KiB) Viewed 44 times
Laurel Enterprises expects earnings next year of $4.32 per share and has a 40% retention rate, which it plans to keep constant. Its oquity cost of capital is 9%, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 3.6% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be? The current stock price will be $(Round to the nearest cont)
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