Question
A stock that currently sells for $140 has EPS of $18.75. What is the annual rate of return on this stock if the company is
A stock that currently sells for $140 has EPS of $18.75. What is the annual rate of return on this stock if the company is expected to pay a dividend per share in the amount of $14 each year forever?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response.
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
