Asked by wjc

my broker recommends that i purchase a stock for $60.00. stock pays $2.40 in annual dividends and expects to grow 8%/year. Is this a good buy?
Answered by Ms. Sue
Just because the company expects to grow 8% a year, doesn't mean the price will also grow 8% a year.

What is the company's PE ratio?

Buying any stock is risky!!

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