https://academicfinest.com/wp-content/uploads/2022/04/AFlogo.png 0 0 mary https://academicfinest.com/wp-content/uploads/2022/04/AFlogo.png mary2022-12-21 18:15:152022-12-21 18:15:15Sultan services has 1.2 million shares outstanding. it expects
Sultan services has 1.2 million shares outstanding. it expects
Sultan Services has 1.2 million shares outstanding. It expects earnings at the end of the year of $5.6 million. Sultan pays out 60% of its earnings in total-40% paid out as dividends and 20% used to repurchase shares. If Sultan’s earnings are expected to grow by 7% per year, these payout rates do not change, and Sultan’s equity cost of capital is 9%, what is Sultan’s share price?
A.) 22.40 B.) 56.00 C.)93.33 D.)140.00
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