Kenzie Cos. is expected to pay a dividend of $3.75 per year indefinitely. The appropriate rate of
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Question:
Kenzie Cos. is expected to pay a dividend of $3.75 per year indefinitely. The appropriate rate of return on this stock is 15 percent per year, and the stock consistently goes ex-dividend 30 days before dividend payment date. |
What will be the expected minimum price in light of the dividend payment logistics?(Use 365 days a year. Do not round intermediate calculations and round your finalanswer to 2 decimal places.) |
Minimum stock price | $ |
What will be the expected maximum price in light of the dividend payment logistics?(Use 365 days a year. Do not round intermediate calculations and round your finalanswer to 2 decimal places.) |
Maximum stock price | $ |
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