Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Grinold Kroner formula show step by step what was stock total return during year Book value =6.15 % P/E ratio start of year = 12.3
Grinold Kroner formula show step by step what was stock total return during year
Book value =6.15 %
P/E ratio start of year = 12.3
p/e ratio end year = 11.8x
dividend year 4.07
return from buyback 1.5%.
inflation 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started