What is jayles share price

Reference no: EM133377078

Question: You are a first-year analyst at an asset management firm. On January 1 st, 2022, you are assigned to evaluate a number of stocks. Answer the following question.

1. Jayle Group paid $10m dividend in 2021. The company's annual dividends should grow at the rate of 6 per cent per year for each of the next 6 years and then level off the growth at the rate of 2 per cent a year thereafter. Jayle has 50 million shares outstanding. Its WACC is 15% and its cost of equity is 10%. What is Jayle's share price?

Reference no: EM133377078

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