Business, 25.02.2020 23:18 ashleyd198308
Lory Company had net earnings of $127,000 this past year of which $46,200 was paid out in dividends. The company's equity was $1,587,500. Lory has 200,000 shares outstanding with a current market price of $11.63 per share. Both the number of shares and the dividend payout ratio are constant. What is the required rate of return if the growth rate is 5.6 percent?
Answers: 3
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Lory Company had net earnings of $127,000 this past year of which $46,200 was paid out in dividends....
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