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

question 48

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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Definitions:

Vestibular Ligaments

Fibrous structures that support the vestibule of the ear, contributing to its stability and function.

Tracheal Rings

C-shaped cartilaginous structures that reinforce the trachea's walls, ensuring it remains open for air passage.

Internal Nares

The internal openings of the nasal cavity into the pharynx, through which air passes during respiration after being filtered, moistened, and warmed.

Choanae

The internal openings of the nostrils in the pharynx; posterior nasal apertures.