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: year. Earning per Share 20x1. $10.00 20x2. $10.60 20x3. $11.24 20x4. $11.91 20x5. $12.58. Dividends represent 40 percent earnings. what is the projected earnings and dividends for the next year? If the ( ke) is 13 percent. what will the price (po) be at the beginning of 20x6?
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