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The book value of equity of a firm at 31122020 is 2.000 million eu.pdf

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The book value of equity of a firm at 31/12/2020 is 2.000 million euros. ROE is expected to stabilize in 2021 and to equal the required return on equity. If the payout ratio of the firm is 40%, the dividends are paid at the end of the year, and the required return on equity is 20%; determine the price per share on January 1st, 2021 taking into account that the company has 1.000 million issued shares..

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The book value of equity of a firm at 31/12/2020 is 2.000 million euros. ROE is expected to stabilize in 2021 and to equal the required return on equity. If the payout ratio of the firm is 40%, the dividends are paid at the end of the year, and the required return on equity is 20%; determine the price per share on January 1st, 2021 taking into account that the company has 1.000 million issued shares.

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