BD_DC09 - Chapter 9 Valuing Stocks Solutions to Chapter 9...

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Chapter 9 Valuing Stocks Solutions to Chapter 9 Data Case Numerical solutions to this case are available in Excel spreadsheet form, available on the Instructor’s Resource Center: http://www.aw-bc.com, with the files for the Solutions Manual, and on the Instructor’s Resource Disk. The spreadsheet solution contains two worksheets. The Statements worksheet contains the financial statements downloaded for General Electric. The data used for these solutions is from year-end 12/31/2005. To update the solutions, paste new statements over the existing statements and add new data where necessary. All numbers except per-share data and number of shares are in thousands. 1. The current stock price is the closing price as of July 21, 2006. a. The closing price was $32.25. b. The most recent dividend was reported as $1.00. 2. The following statistics are as of July 23, 2006: a. Number of shares: 10.4 billion b. Payout ratio 58% 3. The growth rate for the next 5 years is reported as 10.00%. 4.
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This note was uploaded on 12/28/2009 for the course FEWEB CORPFIN taught by Professor Dorsman during the Spring '09 term at Vrije Universiteit Amsterdam.

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BD_DC09 - Chapter 9 Valuing Stocks Solutions to Chapter 9...

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