单选题
An analyst gathers the following data for a company to estimate the expected growth rate of dividends and use it as an input for valuing the company"s common stock.
|
return on assets (ROA)
|
10%
|
|
profit margin
|
5%
|
|
financial leverage
|
1.67
|
|
payout ratio
|
25%
|
The company"s expected growth rate is closest to: