14) JFINEX Corporation expects EPS this year to be 10. Should earnings grow by 6% annually and the company pays 30% of its earnings as dividends, what will the expected dividend per share be on the 8th year?"

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
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14) JFINEX Corporation expects EPS this
year to be 10. Should earnings grow by 6%
annually and the company pays 30% of its
earnings as dividends, what will the
expected dividend per share be on the 8th
year?"
Transcribed Image Text:14) JFINEX Corporation expects EPS this year to be 10. Should earnings grow by 6% annually and the company pays 30% of its earnings as dividends, what will the expected dividend per share be on the 8th year?"
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