Question:The
market values of BNT' debt and equlity are $250m and &400m
respectively (t=0).
The company...
Question
The
market values of BNT' debt and equlity are $250m and &400m
respectively (t=0).
The company...
The
market values of BNT' debt and equlity are $250m and &400m
respectively (t=0).
The company has $28m cash and the company is expexted to
generate $36m free cash flow in this financial year (t=1). Assume,
the WACC of the company is 10%. What is the sustainable growth rate
of BNT as implied by the Gordon Growth Model?