Your broker recommends that you purchase XYZ Inc. at $60. The stock pays a $2.40 dividend which (like its per share earnings) is expected to grow annually at 6.5 percent. If you want to earn 11.5 percent on your funds, is this a good buy

XYZ is NOT a good buy.

Step-by-step explanation:

Calculate the market price of stock:

The Market price of the stock is $51. Therefore, buying the stock at $60 is overpriced and is NOT a good buy.

i can answer this question sweetie!

step-by-step explanation:

not enough information

step-by-step explanation:

we cannot know this, because the other students could have handed out 10 flyers, or they could have handed out 100. one way, the mean would go up, and another way, the mean would go down.