Golden Tiger Trading recently reported annual net income of…
Golden Tiger Trading recently reported annual net income of $[NI] and has 150,000 shares outstanding. The company paid out [po]% of its earnings as dividends. They do not plan to change the dividend policy and plan to keep the dividend per share constant in the near future. If investors require a [r]% return, what is the fair value of the company’s stock? Enter your answer as a dollar amount rounded to two decimal places.
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