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Author Question: Gout Shoes Inc pays dividends annually and has an active share repurchase program. Gout makes all of ... (Read 41 times)

Mr3Hunna

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on: Apr 25, 2021
Gout Shoes Inc pays dividends annually and has an active share repurchase program. Gout makes all of its payouts at the end of each year and its year-end was yesterday. Next year, analysts expect Gout to pay a $1 dividend (per share) and to buy back $106 million worth of shares through an open market repurchase. Analysts expect Gout's payouts to grow in perpetuity at an annual rate of 3%. Gout has 100 million shares outstanding and its shareholders require a return of 9%. What is the fair price for Gout's shares?
◦ $34.33
◦ $34.86
◦ $35.36
◦ $35.86
◦ $36.33
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Mr3Hunna on Apr 25, 2021

amy.lauersdorf90

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Reply #1 on: Apr 25, 2021
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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Mr3Hunna

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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