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PDQ Corporation is forecast to have total earnings of 10 billion next year and to pay out a total of 20 0 of these earnings to shareholders in the form of share repurchases and dividends PDQ

PDQ Corporation is forecast to have total earnings of $1.0 billion next year and to pay out a total of 20.0% of these earnings to shareholders in the form of share repurchases and dividends. PDQ Corporation has 100.0 million shares outstanding. Its earnings are forecast to grow at a rate of 4.0% constantly. The stock's required rate of return is 10.0%. What is the value of a share today? Answer in dollars and round to the nearest cent.

 

Aug 21 2020 View more View Less

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