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The Sisyphean Company's common stock is currently trading for $26.25 per share. The stock is expected to pay a $2.10 dividend at the end of
The Sisyphean Company's common stock is currently trading for
$26.25
per share. The stock is expected to pay a
$2.10
dividend at the end of the year and the Sisyphean Company's equity cost of capital 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:
A.
12%
B.
6%
C.
9%
D.
3%
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