Emerson Electric common stock selling for $36.75, with a par

Emerson Electric common stock selling for $36.75, with a par

Emerson Electric common stock selling for $36.75, with a par value of $5. The stock recently paid a $1.32 dividend and the firms earnings per share has increased from $1.49 to $3.06 in the past five years. The firm expects to grow at the same rate for the foreseeable future. Required rate of return 15%