Financial management

Aug 31st, 2015
Business Finance
Price: $5 USD

Question description

Foxmax A.B. follows  policy of paying out 50% of its earnings as dividends. Next year's earnings are expected to be £10 per share. The company is in a stable state and its long growth rate of dividends is 5% and investors require 15% rate of return on the stock. What is the firm's P/E ratio?

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(Top Tutor) madhug
School: UC Berkeley

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