The Grand Isle Has 12,000 Shares of Stock Outstanding at a Market

question 46

Multiple Choice

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

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