Determine what is the expected growth rate of kjs dividend

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The KJ Corporation has averaged an ROE of 14% over the past 5 years and that should continue into the future. The firm has a payout ratio of 80% on earnings per share of $5.99 and paid the dividend yesterday. The discount rate for a firm of KJ's risk level is 13%

Question a) What is the expected Growth Rate of KJ's dividend? (note: round to the nearest 100th of a percent)

Question b) What is KJ's current stock price? (note: round to the nearest cent)

Reference no: EM132484825

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