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Rick's Department Stores has had the following pattern of earnings per share over the last five years Year 20xU 20xv 20W 20xx 2XY Earning per
Rick's Department Stores has had the following pattern of earnings per share over the last five years Year 20xU 20xv 20W 20xx 2XY Earning per share $13.00 13.78 14.61 15.49 16.42 The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dividends represent 40 percent of earnings, 6. Project. earnings and dividends for the next year (20x2) (Do not round Intermedinte enlculations, Round the final answers to 2 decimal places.) 2011 Earning Dividend 1 b. If the required rate of return is 13 percent, what is the anticipated Share price at the beginning of 20XZP (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Anticipated stock pece
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