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 $27.30 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 $27.30 a share, their dividend for last year was $1.75, and the long-term sustainable growth rate is 3.25%. The expected return on the stock is closest to:
| A. | 9.66%. | |
| B. | 6.62%. | |
| C. | 9.87%. |
*Please read the directions carefully*
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
