(Answered) Kenzie cos is expected to pay a dividend of 205 per year

Economics

Kenzie Cos. is expected to pay a dividend of $2.05 per year indefinitely. The appropriate rate of return on this stock is 14 percent per year, and the stock consistently goes ex-dividend 35 days before dividend payment date.

What will be the expected minimum price in light of the dividend payment logistics?

Minimum stock price$

What will be the expected maximum price in light of the dividend payment logistics?

Maximum stock price$

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