​covan, inc. is expected to have the following free cash​ flow: loading.... a. covan has million shares​ outstanding, ​$ million in excess​ cash, and it has no debt. if its cost of capital is ​, what should be its stock​ price? b. covan adds its fcf to​ cash, and has no plans to add debt. if you plan to sell covan at the beginning of year​ 2, what is its expected​ price? c. assume you bought covan stock at the beginning of year 1. what is your expected return from holding covan stock until year​ 2?



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