Multiple Choice
Seven-Seas Co.just paid a dividend of $3 per share out of earnings of $5 per share.If its book value per share is $40 and its market price is $52.50 per share,calculate the required rate of return on the stock.
A) 12%
B) 11%
C) 5%
D) 6%
Correct Answer:
Verified
Correct Answer:
Verified
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