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sir,
TKQ Co is having Total shareholder return equal to 19.7%
Dividend paid per share is 21c
share price one year ago was $3.10 per share
calculate the current share price?can you please guide to the solution of this question
Thanks
The total return is 19.7% x $3.10 = 61.07c
The dividend was 21c, so the increase in share price must be 61.07 – 21 = 40.07c
Therefore the current share price (to the nearest cent) must be $3.10 + $0.40 = $3.50.
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