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Current stock price 22.07 Pessimistic Projections Number of analysts Future Price Future Dividend 25 19.50 0.09 Middle-of-the-road Projections Number of analysts Future Price Future Dividend

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Current stock price 22.07 Pessimistic Projections Number of analysts Future Price Future Dividend 25 19.50 0.09 Middle-of-the-road Projections Number of analysts Future Price Future Dividend 35 22.19 0.14 Optimistic Projections Number of analysts Future Price Future Dividend 40 27.36 0.21 Note: please find the possible returns (there are three of them). 1 What is the consensus return (expected return)? A Between 0.0% and 7.0% B Between 7.0% and 12.0% C Between 12.0% and 17.0% D Between 17.0% and 30.0%

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