Problemstock in simons industries is currently selling for, Ask an Expert

Accounting

Problem:

Stock in Simons Industries is currently selling for $91.00. It just paid its annual dividend of $1.00 after reporting an ROE of 15%, of which 50% is paid as dividends.

Required:

Question: What is the expected return of this stock?

9.00%
8.06%
8.45%
8.68%
8.52%

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167320

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