Keys Inc's stock has a required rate of return of 12.24%, and it sells for $63 per share. Keys' dividend is expected to grow at a constant rate of 7.09% per year. What was Keys' last dividend, DO? 1. $1.12 2. $ 1.36 3. $3.03 4. $3.24 5. $1.24
Keys Inc's stock has a required rate of return of 12.24%, and it sells for $63 per share. Keys' dividend is expected to grow at a constant rate of 7.09% per year. What was Keys' last dividend, DO? 1. $1.12 2. $ 1.36 3. $3.03 4. $3.24 5. $1.24
Chapter9: The Cost Of Capital
Section: Chapter Questions
Problem 5P
Question
F1
![Keys Inc's stock has a required rate of return of 12.24%, and it sells for $63 per share. Keys' dividend is
expected to grow at a constant rate of 7.09% per year. What was Keys' last dividend, DO? 1. $1.12 2. $
1.36 3. $3.03 4. $3.24 5. $1.24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4f3229f3-c784-4f3c-b6da-15f543863292%2F64d34445-fb78-42d8-b55f-42ba00ea2df1%2F1i772wa_processed.png&w=3840&q=75)
Transcribed Image Text:Keys Inc's stock has a required rate of return of 12.24%, and it sells for $63 per share. Keys' dividend is
expected to grow at a constant rate of 7.09% per year. What was Keys' last dividend, DO? 1. $1.12 2. $
1.36 3. $3.03 4. $3.24 5. $1.24
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