intro to fin

Shield Corp. expects an earnings per share of $2.07 and reinvests 40% of its earnings. Management projects a rate of return of 9% on new projects and investors expect a 9% rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below rounded to 2 DECIMAL PLACES. 3.6 Correct response: 3.610.01% Click "Verify" to proceed to the next part of the question. Given a sustainable growth rate of 3.6%, what is the price of the stock with growth? Enter your response below rounded to 2 DECIMAL PLACES. Number Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify