Wilderness Adventures has earnings per share of $2.35 and dividends per share of $1.10. The total equity of the firm is $945,000. There are 30,000 shares of stock outstanding. What is the sustainable rate of growth?
A) 1.14 percent
B) 1.31 percent
C) 3.97 percent
D) 4.32 percent
E) 5.73 percent
Correct Answer:
Verified
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