Stormy Weather has no attractive investment oppo
suffea1
Question
Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is 10%. Its expected earnings this year are $4 per share. Find the stock price, P/E ratio, and growth rate of dividends for plowback ratios of: (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Enter the growth rate as a percent rounded to 1 decimal place.)
Plowback Ratios | Stock Price | P/E Ratio | Growth Rate of Dividends | |
a. | Zero | $ | % | |
b. | .40 | % | ||
c. | .90 | % |
Details
No Answers Yet