A company has 60,000 shares of stock outstanding at a market price of $29.28 per share and a book value of $17.27 a share. The firm has earnings per share of $2.44, a dividend payout ratio of 0.35, and a P/E ratio of 12. What is the sustainable growth rate?

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The Answer of A company has 60,000 shares of stock outstanding at a market price of $29.28 per share and a book value of $17.27 a share. The firm has earnings per share of $2.44, a dividend payout ratio of 0.35, and a P/E ratio of 12. What is the sustainable growth rate?

A Company Has 60,000 Shares of Stock Outstanding at a Market