The Grand Isle has 12,000 shares of stock outstanding at a market price of $31.60 per share.The book value per share is $12.08.The firm has earnings per share of $1.86 and a dividend payout ratio of .40.What is the firm's sustainable rate of growth?
A) 8.88 percent
B) 9.24 percent
C) 9.71 percent
D) 10.57 percent
E) 10.86 percent
Correct Answer:
Verified
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