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The Sisyphean Company is currently trading for $28.00 per share. The company is expected to pay a $2.50 dividend at the end of the year
The Sisyphean Company is currently trading for $28.00 per share. The company is expected to pay a $2.50 dividend at the end of the year and its cost of equity is 14%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to:
Select one:
a. 5.7%
b. 8.9%
c. 14%
d. 5.1%
e. 3.9%
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