The KJ Corporation has averaged an ROE of 19% over &n
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The KJ Corporation has averaged an ROE of
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19% |
over |
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the past 5 years and that should continue into the
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future. The firm has a payout ratio of
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72% |
on |
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earnings per share of
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$7.45 |
and paid the dividend
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yesterday. The discount rate for a firm of KJ's
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risk level is
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15% |
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| a) |
What is the expected Growth Rate of KJ's dividend? (note: round to the nearest 100th of a percent) (1 mark)
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Enter Answer
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What is KJ's current stock price? (note: round to the nearest cent) (1 mark)
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Enter Answer
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Complete your rough work (if any) in the space below
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↑ |
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Enter your Final Answer Here |
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Aug 12 2020 View more View Less
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