Question
Consider the following information regarding Kent Ltd, a listed company on ASX in Australia. For the year ended 2018 For the year ended 2019 For
Consider the following information regarding Kent Ltd, a listed company on ASX in Australia.
|
| For the year ended 2018 | For the year ended 2019 | For the year ended 2020
|
| EPS |
| $1.875 | $2.975 |
| DPS |
| $0.725 | $0.925
|
| Book Value of Share | $30.00
|
|
|
| Required Equity Return | 7%
|
|
|
| Share Price on ASX | $32.25
|
|
|
Assuming Depression will close operations in 2 years time, what would be the residual Income in 2020?
Select one:
a. $0.2565 per share
b. $0.2145 per share
c. $0.3950 per share
d. $0.7945 per share
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Quality Auditing An Auditors Review Of Risk Management Lean Improvement And Data Analysis
Authors: Lance B Coleman
1st Edition
163694082X, 978-1636940823
