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Please give answer using financial calculator, or simplest way with the formula , no excel, thanks! Today Treetops Corp. stock sells for $61 and it
Please give answer using financial calculator, or simplest way with the formula , no excel, thanks!
Today Treetops Corp. stock sells for $61 and it expects to pay an upcoming dividend of $1.20 per share. The company has a policy of reinvesting 45% of its earnings. If investors expect a total return of 13.80%, what is the firm's return on equity? a. 21.51% b. 46.00% c. 30.67% d. 14.34% e. 26.30% Clear my choiceStep by Step Solution
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