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Stormy Weather has no attractive investment opportunities

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Question

Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is

5%. Its expected earnings this year are $4 per share. Find the stock price, P/E ratio, and growth rate of dividends for plowback ratios of: (Leave no cells blank – be certain to enter “0” wherever required. Do not round intermediate calculations. Enter the growth rate as a percent rounded to 1 decimal place.)

 Plowback Ratios     Stock Price       P/E Ratio  Growth Rate of
 Dividends
  a.Zero           $          %  
  b..30                    %  
  c..80           
 
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