macman9269 macman9269
  • 19-10-2022
  • Business
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jumbo transport, an air-cargo company, expects to have earnings per share of $2.00 in the coming year. it decides to retain 20% of these earnings in order to lease new aircraft. the return on this investment will be 15%. if its equity cost of capital is 12%, what is the expected share price of jumbo transport?

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