(Answered) Red sun rising just paid a dividend of 237 per share the

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Red Sun Rising just paid a dividend of $2.37 per share. The company said that it will increase the dividend by 25 percent and 20 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 4.3 percent. If the required return is 11.3 percent, what is the stock price today?

Sankey Co. has earnings per share of $4.15. The benchmark PE is 19.2 times. What stock price would you consider appropriate?

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