“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.