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Lake Cojust Paid a Dividend of $3 Per Share Out of of Earnings

Question 30

Multiple Choice

Lake Co.just paid a dividend of $3 per share out of earnings of $5 per share.If its book value per share is $40,what is the expected growth rate in dividends?


A) 7.5%
B) 8%
C) 12.5%
D) 5%

Correct Answer:

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