Business, 19.12.2019 01:31 reaperqueen21

The rufus corporation has 125 million shares outstanding and analysts expect rufus to have earnings of $500 million this year. rufus plans to pay out 40% of its earnings in dividends and they expect to use another 20% of their earnings to repurchase shares. if rufus' equity cost of capital is 15% and rufus' earnings are expected to grow at a rate of 3% per year, then the value of a share of rufus stock is closest to

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The rufus corporation has 125 million shares outstanding and analysts expect rufus to have earnings...

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