Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. rick's department stores has had the following pat

Rick's Department Stores has had the following pattern of earnings per share over the last...

70.2K

Verified Solution

Question

Finance

image
Rick's Department Stores has had the following pattern of earnings per share over the last five years Year 20xU 20xV 2eXW 20xx 28XY Earnings per share $6.00 6.36 6.74 7.14 7.57 The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future Dividends represent 40 percent of earnings o. Project earnings and dividends for the next year (20XZ). (Do not round intermediate calculations, Round the final answers to 2 decimal places.) 20XZ $ $ Earnings Dividend b. If the required rate of return is 13 percent, what is the anticipated share price at the beginning of 20XZ? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Anticipated stock price

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students