Business
Business, 19.12.2019 06:31, jonnydean0817

Hancock inc. retains most of its earnings. the company currently has earnings per share of $11. hancock expects its earnings to grow at a constant rate of 2 percent per year. furthermore, the average pe ratio of all other firms in hancock's industry is 12. hancock is expected to pay dividends per share of $3.50 during each of the next three years. if investors require a 10 percent rate of return on hancock stock, a fair price for hancock stock today is ) 113.95
b) 111.32
c) 131.49
d) none of the above

answer
Answers: 3

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Hancock inc. retains most of its earnings. the company currently has earnings per share of $11. hanc...

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