A companys roe is 18 their dividend payout ratio is 80 the


A company's ROE is 18%. Their dividend payout ratio is 80%. The last dividend just paid was $2.20. If dividends are expected to grow by the company's internal growth rate indefinitely, what is the current value of their common stock if its required return is 20%?

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Financial Management: A companys roe is 18 their dividend payout ratio is 80 the
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