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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
|
|
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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
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