Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has a price of $200 and earnings per share of $30. It pays out a dividend of $16.3. What is the sustainable rate

A stock has a price of $200 and earnings per share of $30. It pays out a dividend of $16.3. What is the sustainable rate of growth for its dividends? Express your answer as a %, for example if the answer is 7.32% then enter 7.32 in the answer box.
image text in transcribed
A stock has a price of $200 and earnings per share of $30. It pays out a dividend of $16.3. What is the sustainable rate of growth for its dividends? Express your answer as a \%, for example if the answer is 7.32% then enter 7.32 in the answer box

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capital And Finance

Authors: Peter Lewin, Nicolás Cachanosky

1st Edition

0367514559, 978-0367514556

More Books

Students also viewed these Finance questions