Canadian Adventures has earnings per share of $2.86 and dividends per share of $1.80. The total equity of the firm is $750,000. There are 38,000 shares of stock outstanding. What is the sustainable rate of growth?
A) 2.14%
B) 3.31%
C) 4.94%
D) 5.37%
E) 6.59%
Correct Answer:
Verified
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