Recently, the price earnings ratio of Loblaws was 15 7 times, and the price earnings ratio of Bank of Montreal was 12 8 times The dividend yield of each company was 0 8 and 2 8 , respectively Which company 's shares would you purchase for growth For income Explain ...

For growth I would purchase the shares of Loblaws as the pricee ...

Recently, the price-earnings ratio of Loblaws was 15.7 times, and the price-earnings ratio of Bank of Montreal

Question:

Recently, the price-earnings ratio of Loblaws was 15.7 times, and the price-earnings ratio of Bank of Montreal was 12.8 times. The yield of each company was 0.8% and 2.8%, respectively. Which company's shares would you purchase for growth? For income? Explain.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...