Janlea Cohad Total Net Earnings of $158,600 This Past Year and and Paid

question 42

Multiple Choice

Janlea Co.had total net earnings of $158,600 this past year and paid out 60 percent of those earnings in dividends.There are 84,000 shares of stock outstanding at a current market price of $18.43 a share.If the dividend growth rate is 2.8 percent,what is the required rate of return?

• A)14.27%
• B)12.56%
• C)8)95%
• D)10.40%
• E)11.60%

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