Nine Point Corporation's stock is currently selling for $82. It just paid its annual dividend of $8 after reporting an ROE of 13%. The firm pays out 61% of its earnings as dividends. What is the expected return of this stock? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. PLEASE INPUT THE ANSWER IN PERCENT ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDE % SIGN, E.G., INSTEAD OF 9.9911% INPUT 9.99

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Nine Point Corporation's stock is currently selling for $82. It just paid its annual dividend of $8
after reporting an ROE of 13%. The firm pays out 61% of its earnings as dividends. What is the
expected return of this stock?
SET YOUR CALCULATOR TO 4 DECIMAL PLACES. PLEASE INPUT THE ANSWER IN PERCENT
ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDE % SIGN, E.G., INSTEAD OF 9.9911%
INPUT 9.99
Transcribed Image Text:Nine Point Corporation's stock is currently selling for $82. It just paid its annual dividend of $8 after reporting an ROE of 13%. The firm pays out 61% of its earnings as dividends. What is the expected return of this stock? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. PLEASE INPUT THE ANSWER IN PERCENT ROUNDING IT TO 2 DECIMALS. DO NOT INCLUDE % SIGN, E.G., INSTEAD OF 9.9911% INPUT 9.99
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