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3. Shareholders in a company enjoy a payout ratio of 71.20% and a return on equity of 12.25%. Over the next 12 months th

Posted: Wed Mar 30, 2022 3:38 pm
by answerhappygod
3. Shareholders in a company enjoy a payout ratio of 71.20% and
a return on equity of 12.25%.
Over the next 12 months this company is expected to generate
$9.469bn of earnings on its
3.475bn shares. If your return on investment is 13.20%, what
price would you be willing to pay
for this share?