Bostonstrong running

using financial calculator

earned $18 per share and reinvested all of 19. Last year, its earnings in the company. QPT expects to continue to reinvest all of its earnings in the company at the end of each of the next 3 years (years 1-3). At the end of year 4, QPT will distribute 30% of the year 4 earnings to investors. If QPT earns a return on its investments of 20% and has a 14% return on equity capital, what do you expect the year 4 dividend to be? A) $9.33 B) $9.82 C) $10.64 D) $11.20