Question: please solve by hand/ do not use excel. use excel as a LAST resort. thank you. Suppose a firm has just reported an EPS of

please solve by hand/ do not use excel. use excel as aplease solve by hand/ do not use excel. use excel as a LAST resort. thank you.

Suppose a firm has just reported an EPS of $2.50 and expects to maintain a dividend payout ratio of 40%. If the firm's price-earnings ratio is 9.3 and its return on equity is 12%, what is its required rate of return? 12% O 13.80% O 13.35% O 11.5%

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