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Black Hills Corporaton is a diversified energy corpcration and a publiC utility holding company. The followin8 gives the f:rm's earnings per share and dividend 2C02

Black Hills Corporaton is a diversified energy corpcration and a publiC utility holding company. The followin8 gives the f:rm's earnings per share and dividend 2C02 2003 100% 3.45 6661 COOZ 002 1.22 2.28 639 DPS I 12 1.16 1.24 90 1 BPS 96 6 Suppose these were given to you at the end 1999, when the book of net asset per share was $9.06, required rate of return (Ost of equity) of 11 % for calculation below. Required 1. Calculate residual earnings and return of common equity (ROCE) for each year.

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