Exhibit 12.9 Use the Information Below for the Following Problem(S)

question 52

Multiple Choice

Exhibit 12.9
Use the Information Below for the Following Problem(S)
The aggregate market currently has a retention ratio of 60 percent, a required rate of return of 12 percent, and an expected growth rate for dividends of 4 percent.
-Refer to Exhibit 12.9.What is the current earnings multiplier?

• A) 2.5
• B) 5.0
• C) 7.5
• D) 10.0
• E) 12.5

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