A company is expected to have earnings per share of $$3\mathrm{.}2$ this year and to pay a dividend of $$2\mathrm{.}03.$ The discount rate for the stock is $15\%$ and the rate of

return on reinvested earnings is $15\mathrm{.}6\%.$ What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your

answer.

Enter your response below rounded to $2$ DECIMAL PLACES.

Correct response: $5\mathrm{.}7+-0\mathrm{.}01\%$

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Using $5\mathrm{.}7$ as the growth rate, what would be the price of the stock?

Enter your response below rounded to $2$ DECIMAL PLACES.

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Section Attempt $1$ of $1$