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Crown Resorts Ltd has recently been hit hard by economic headwinds and poor consumer sentiment. The company's annual earnings per share was $5 in 2021.

image text in transcribed Crown Resorts Ltd has recently been hit hard by economic headwinds and poor consumer sentiment. The company's annual earnings per share was $5 in 2021. The company has historically maintained a ploughback ratio of 55%. Deane would like to buy 50 stocks in Crown Resorts; how much should he expect to pay for this transaction assuming his investment rate is 7.6% p.a.? a. $1,319.72 b. $1,150.57 c. $1,247.17 d. $1,049.51 e. $1,480.26

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