FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MetLife most recent closing price was $42, their most dividend was $1 and their dividend payout ratio was 75%. You expect their earnings to grow

MetLife most recent closing price was $42, their most dividend was $1 and their dividend payout ratio was 75%. You expect their earnings to grow over the next 4 years at 4%
What is their PEG ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Level 1 is the most basic type of ADR where the foreign company a. Wishes its ADR to be listed on the U.S. exchanges alone b. Does not wish its ADR to be listed on an exchange c. Does not wish its...

Answered: 1 week ago

Question

★★★★★
A sinking fund can be set up in one of two ways: (1) The corporation makes annual payments to the trustee, who invests the proceeds in securities (frequently government bonds) and uses the...

Answered: 1 week ago

Question

★★★★★
MACRS Table: An asset used in a 4-year project falls in the 5-year MACRS class MACRS Table for tax purposes. The asset has an acquisition cost of $18,540,000 and will be sold for $4,120,000 at the...

Answered: 1 week ago

Question

★★★★★
The Gavin Tire Company manufactures racing tires for bicycles. Gavin sells tires for $85 each. Gavin is planning for the next year by developing a master budget by quarters. Gavin's balance sheet for...

Answered: 1 week ago

Question

★★★★★
Nikki's Labs, Inc Income Statement Year Ended September 30, 2020 Sales Revenue Cost of Goods Sold Gross Profit 233,000 91,000 142,000 Operating Expenses: Salaries Expense 54,000 Depreciation...

Answered: 1 week ago

Question

★★★★★
On January 2, 2019, Lapar Corporation purchased a machine for $50,000. Lapar paid shipping expenses of $500, as well as installation costs of $1,200. The company estimated that the machine would have...

Answered: 1 week ago

Question

★★★★★
It consists of establishing objectives for a specific period of time that will lead you to your long-term professional goal. ( ( A . . Race, B . . Professional Development, C . . Career plan, D . ....

Answered: 1 week ago

Question

★★★★★
If an individual agrees to participate in a research study because he or she believes that harm or punishment will result for refusing to participate in the study, the individual's decision to...

Answered: 1 week ago

Question

★★★★★
Ethics Some operating systems can be run directly from an optical disc or flash drive. Booting a computer this way circumvents the OS installed on the hard drive of the system. In a school or...

Answered: 1 week ago

Previous Question Next Question