question archive The growth in per share FCFE of SKY, Inc
The growth in per share FCFE of SKY, Inc
Subject:FinancePrice: Bought3
The growth in per share FCFE of SKY, Inc. is expected to be 8%/year for the next two years, followed by a growth rate of 4%/year for three years; after this five year period, the growth in per share FCFE is expected to be 3%/year, indefinitely. The required rate of return on SKY, Inc. is 11%. Last year’s per share FCFE was $2.75. What should the share sell for today?00
