The KJ Corporation has averaged an ROE of 19% over the past 5 years and that should
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Question:
The KJ Corporation has averaged an ROE of | 19% | over | ||||||||||
the past 5 years and that should continue into the | ||||||||||||
future. The firm has a payout ratio of | 72% | on | ||||||||||
earnings per share of | $7.45 | and paid the dividend | ||||||||||
yesterday. The discount rate for a firm of KJ's | ||||||||||||
risk level is | 15% | |||||||||||
a) | What is the expected Growth Rate of KJ's dividend? (note: round to the nearest 100th of a percent) (1 mark) | Enter Answer | ||||||||||
b) | What is KJ's current stock price? (note: round to the nearest cent) (1 mark) | Enter Answer | ||||||||||
Complete your rough work (if any) in the space below | ||||||||||||
Enter your Final Answer Here |
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