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borteleto borteleto
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5 years ago
Kinard's Kennels Inc. ROE is 20%. Their dividend payout ratio is 70%. The last dividend, just paid, was $2.00. If dividends are expected to grow by the company's internal growth rate indefinitely, what is the current value of Kinard's common stock if its required return is 18%?
A) $17.67
B) $16.89
C) $14.92
D) $11.52
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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borteleto Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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