Janlea co had total net earnings of 127000 this past year


Janlea Co. had total net earnings of $127,000 this past year and paid out 30 percent of those earnings in dividends. There are 100,000 shares of stock outstanding at a current market price of $11.62 a share. If the dividend growth rate is 5.6 percent, what is the required rate of return?

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Financial Management: Janlea co had total net earnings of 127000 this past year
Reference No:- TGS01372992

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