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Please give answer using financial calculator, or simplest way with the formula , no excel, thanks! ABC Inc. has 100,000 shares outstanding with a total
Please give answer using financial calculator, or simplest way with the formula , no excel, thanks!
ABC Inc. has 100,000 shares outstanding with a total book value of $1,388,000 and which currently sell for $18.30 per share. It had net income of $111,900 this past year, of which $39,000 was paid in dividends. Based on the above, what rate of return do investors expect on the stock? a. 7.50% b. 8.77% c. 4.87% d. 2.24% e. 1.73%Step by Step Solution
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