Question
You are analyzing a stock that is currently selling for $23.92. Yesterday, this firm announced EPS of $5.34. You feel it is reasonable to assume
You are analyzing a stock that is currently selling for $23.92. Yesterday, this firm announced EPS of $5.34. You feel it is reasonable to assume that earnings will grow at about 2.25% into the future. Based on this assumption, what is the yield on this stock at its current price?
Group of answer choices
12.27%
12.85%
13.38%
11.96%
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
