devaughnnorthcu1565
31.07.2020 •
Business
Sultan Services has 1.5 million shares outstanding. It expects earnings at the end of the year of $ 5.40 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 6% per year, these payout rates do not change, and Sultan's equity cost of capital is 9%, what is Sultan's share price?
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Ответ:
Medication
Explanation: