The Felix Corp

question 38

Multiple Choice

The Felix Corp.projects to pay a dividend of €.75 next year and then have it grow at 12% for the following 3 years before growing at 8% indefinitely thereafter.The equity has a required return of 10% in the market.The price of the share should be ____.

• A)€9.38
• B)€17.05
• C)€41.67
• D)€59.80
• E)€62.38

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Definitions:

Mission Statement

A formal summary of the aims and values of a company, organization, or individual, often guiding its goals, strategies, and decision-making processes.

Corporate Philosophy

Represents the fundamental beliefs, ethics, and values that serve as the foundation for a company's culture and business practices.

Dream

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Difference in the World

The impact or change that an individual or organization aims to make in society or a specific community.