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The KJ Corporation has averaged an ROE of 19% over &n

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  

Aug 12 2020 View more View Less

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