The KG Corporation has average an ROE of 14% over the
Subject: Business   / Finance
Question
The KG Corporation has average an ROE of 14% over the past 5 Years and that should continue into the future. The firm has a payout ratio of 69% on earnings per share of $6.44 and paid the dividend yesterday. The discount rate for a firm of KJ’s risk level is 14% .
a. What is the expected Growth Rate of KJs divident? (Round to nearest 100th of a percent)
b. What is KJs current stock price? (round to nearest 100th)
Can someone please help me with the calculation steps to get these answers on a calculator?
