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Question
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
Answer
This answer is hidden. It contains 57 characters.
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