Universal Corp had net earnings of $127,000 this past year. Dividends of $38,100 were paid. The company's
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Universal Corp had net earnings of $127,000 this past year. Dividends of $38,100 were paid. The company's equity was $1,587,500. If Universal has $100,000 shares outstanding with a current market price of $11.65 per share and the growth rate is $5.6% what is the required rate of return.
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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