Joker stock has a sustainable growth rate of 10 percent roe, Financial Management

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Joker stock has a sustainable growth rate of 10 percent roe

Joker stock has a sustainable growth rate of 10 percent, ROE of 19 percent, and dividends per share of $1.60. If the P/E ratio is 16.5, what is the value of a share of stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Share of stock $

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Financial Management: Joker stock has a sustainable growth rate of 10 percent roe

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