Justin Cement Company has had the following pattern of earnings per share over the last...
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Justin Cement Company has had the following pattern of earnings per share over the last five years: The earnings per share have grown at a constant rate (on a rounded basis) and will continue to do so in the future. Dividends represent 40 percent of earnings. Note: Do not input a dollar sign. Round your final answer to 2 decimal places. a. Project earnings for th next year (20X6). b. Project dividends for the next year (20X6). c. If the required rate of return (Ke) is 13 percent, what is the anticipated stock price (P0) at the beginning of 206
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