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Hello John,
“TKQ Co has just paid a dividend of 21 cents per share and its share price one year ago was
$3.10 per share. The total shareholder return for the year was 19.7%.
What is the current share price (to two decimal places)”1. The answer $3.50
2. When I’ve answered the question, the used the formula PO=D/KE; which is not the case here.
3. Please help on how to get the answer.Thanks
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