Multiple Choice
The No-zip Snap Company had net earnings of $127,000 this past year. Dividends were paid of $38,100 on the company's equity of $1,587,500. If No-Zip has 100,000 shares outstanding with a current market price of $11 5/8 per share, what is the required rate of return?
A) 9%
B) 6%
C) 4.2%
D) 14%
Correct Answer:
Verified
Correct Answer:
Verified
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