Cost of common equitythe bouchard companys eps was 696 in, Ask an Expert

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Cost of Common Equity

The Bouchard Company's EPS was $6.96 in 2016, up from $3.34 in 2011. The company pays out 35% of its earnings as dividends, and its common stock sells for $30.

Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places.

A).______ %

The last dividend was D0 = 0.35($6.96) = $2.44. Calculate the next expected dividend, D1, assuming that the past growth rate continues. Do not round off intermediate calculations. Round your answer to the nearest cent.

B).______$

What is Bouchard's cost of retained earnings, rs? Round your answer to two decimal places. Do not round your intermediate calculations.

C).______ %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92367448

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