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Steves Inc. recently reported earnings-per-share of $2.39 and the shares are currently selling for 19.37....

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Finance

Steves Inc. recently reported earnings-per-share of $2.39 and the shares are currently selling for 19.37. If you expect earnings to grow at 2.25% per year into the indefinite future, use the Gordon Growth Model to estimate the implied yield on the shares.

Group of answer choices

14.87%

14.59%

12.34%

12.73%

Answer & Explanation Solved by verified expert
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