The Sisyphean Company's common stock is currently trading for $25.50 per share. The stock is expected to pay a $2.80 dividend at the end of the year and the Sisyphean Company's equity cost of capital is 10%
If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to ________.
A) -1.96%
B) -1.47%
C) -0.98%
D) -0.49%
Answer: C
Business
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