Suppose you bought, today, one share of XYZ Co. A fairly priced stock that just paid $0.30
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Suppose you bought, today, one share of XYZ Co. A fairly priced stock that just paid $0.30 of dividend expected to grow at a constant rate from next year. The share of the stock sells for $63 today and the required rate of 5.5%. The company dividend payout ratio is 75%.
What would be the company's return on equity in percentage?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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