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Author Question: Chittenden Enterprises has 632 million shares outstanding. It expects earnings at the end of the ... (Read 51 times)

michelleunicorn

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on: Jul 9, 2019
Chittenden Enterprises has 632 million shares outstanding. It expects earnings at the end of the year to be  $940 million. The firm's equity cost of capital is 10%.  Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at a constant 4% per year, what is Chittenden's share price?
◦ $14.88
◦ $7.44
◦ $4.96
◦ $3.36
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by michelleunicorn on Jul 9, 2019

katkat_flores

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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michelleunicorn

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Reply #2 on: Jul 9, 2019
Excellent


katkat_flores

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Reply #3 on: Jul 9, 2019
Great! Please up vote :D


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