Seaman had a FCFE of $4.6B last year and has 113.2M shares outstanding.Seaman's required return on equity is 11.6% and WACC is 10.4%.If FCFE is expected to grow at 5% forever, the intrinsic value of Seaman's shares are
A) $646.48.
B) $64.66.
C) $6,464.8.
D) $6.46.
Correct Answer:
Verified
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