Assume also that that the Coca-Colas Expected annual growth in earnings is 6% and investors required rate of return is 9%, calculate the following: Dividend payout ratio, Dividend rate, its Stock price, and Price-earnings ratio.

nsember 31, 2009 millions except par valuel RRENT ASSETS tdcash equivalents investments $ 7,021 SH, CASH EQUIVALENTS, AND SHORT TERM 2,130 9.151 Marketable securities ade accounts receiva NVESTMENTS , less allowances of $55 and $51, respectively 62 3,758 2,354 26 17,551 6,217 538 1,976 9,561 6,183 snd other assets CURRENT ASSETS HOD INVESTMENTS ENTS, PRINCIPALLY BOTTLING COMPANIES OTHER ASSETS OPERTY, PLANT, AND EQUIPMENT-net RADEMARKS WITH INDEFINITE LIVES GOODWILL OTHER INTANGIBLE ASSETS 4,224 2.421 $48,671 TOTAL ASSETS ABILITIES AND EQUITY URRENT LIABILITIES kounts payable and accrued expenses Loans and notes payable Carent maturities of long-term debt crued income taxes TOTAL CURRENT LIABILITIES LONG-TERM DEBT OTHER LIABILITIES DEFERRED INCOME TAXES $ 6,657 6,749 51 264 13,721 5,059 2,965 1,580 THE COCA-COLA COMPANY SHAREOWNERS EQUITY Common stock, $0.25 par value; Authorized-5,600 shares; Issued -3,520 and 3,519 shares, respectively 880 8,537 41,537 (S 757) $25,398 24,799 Capital surplus Renvested earnings ted other comprehensive income (loss) ITRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA TLETBUTABE TO NONCONTROLLING INTERESTS Orury stock, at cost COMPANY 1,217 and 1,207 shares, respectively AL EQUITY 547 TOTAL LIABILITIES AND EQUITY 25,346 $48,671