Question
Do not do any interim rounding, calculate to at least four decimal places prior to converting to a percentage. Magnus Inc.'s price is $63.50 a
Do not do any interim rounding, calculate to at least four decimal places prior to converting to a percentage.
Magnus Inc.'s price is $63.50 a share, their dividend for last year was $2.45, and the long-term sustainable growth rate is 4.25%. The expected return on the stock is closest to:
| A. | 4.02%. | |
| B. | 8.11%. | |
| C. | 8.27%. |
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
