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What is crooks current stock price

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Question - In the coming year, Crooks Ltd. is expected to earn an after-tax net income of $5,000,000 and has 1,000,000 issued and outstanding common shares.

Historically, Crooks has retained 70% of its earnings with the rest paid asdividends. The expected rate of return on Crooks's shares is 16%, and its return on equity is 20%. If the Canadian financial markets are efficient, what is Crooks's current stock price?

A) $60.00

B) $62.50

C) $70.50

D) $75.00

E) $175.00

Reference no: EM133050106

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