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Author Question: Valence Electronics has 217 million shares outstanding. It expects earnings at the end of the year ... (Read 51 times)

debasdf

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Valence Electronics has 217 million shares outstanding. It expects earnings at the end of the year of $760 million. Valence pays out 40% of its earnings in total—15% paid out as dividends and 25% used to repurchase shares. If Valence's earnings are expected to grow by 6% per year, these payout rates do not change, and Valence's equity cost of capital is 8%, what is Valence's share price?
◦ $24.40
◦ $10.51
◦ $56.60
◦ $70.05


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Marked as best answer by debasdf on Jul 9, 2019

Bsand8

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debasdf

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Reply 2 on: Jul 9, 2019
Great answer, keep it coming :)


bimper21

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Reply 3 on: Yesterday
Gracias!

 

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