Firestone Co. just paid a dividend of $1.50 per share and its earnings per share is $9.00. Its book value of equity on per share basis is $36. Calculate Firestone's growth rate: A) 4.17% B) 5.25%   c) 25%   D) 20.83%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Firestone Co. just paid a dividend of $1.50 per share and its earnings per share is $9.00. Its book value of equity on per share basis is $36. Calculate Firestone's growth rate:

A) 4.17%

B) 5.25%

 

c) 25%

 

D) 20.83%

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