(Answered)-7. BP Inc. is expected to have earnings per share (EPS) of $4 in - (2025 Updated Original AI-Free Solution

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7.? BP Inc. is expected to have earnings per share (EPS) of $4 in time 1, $5 in time 2 and EPS that grows at 6% for time 3 and beyond. The company has a policy of paying 40% of its EPS as a dividend and the discount rate is 9%. how do i find the return on equity?