Safari Ltd announced total liabilities of R1500 million and total assets of R2100 million at the end of 2021. Safari Ltd has 50 million shares outstanding, an ROE of 18% and a dividend payout of 30%. The firm's required rate of return is 7.50% and its market price is R74.17. Using a single-stage residual income model, Safari's shares are most likely ...
a. R72.
b. R96.
c. R84.
a. R72.
b. R96.
c. R84.