15%. It pays out 20 percent of earnings as cash dividends. Current book value per...
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15%. It pays out 20 percent of earnings as cash dividends. Current book value per share is $60. Book value per share will grow as Q reinvests earnings. Assume that the ROE and payout ratio stay constant forever. The cost of capital is 20.0%. Question: What is Qs stock worth per share? Multiple Choice $95.1 $25.2 $50.3 $37.7 $69.6.
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