Krell Industries has a share price of $21.81 today. If Krell is expected to pay a dividend of $1.18 this year and its stockprice is expected to grow to $24.71 at the end of the year, what is Krell's dividend yield and equity cost of capital?The dividend yield is%. (Round to one decimal place.)

DIVIDED YIELD The dividend yield is also known as dividend–Price ratio. Divided Yield is Computed :—…

Answered: Krell Industries has a share price of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Krell Industries has a share price of $21.81 today. If Krell is expected to pay a dividend of $1.18 this year and its stock price is expected to grow to $24.71 at the end of the year, what is Krell's dividend yield and equity cost of capital? The dividend yield is%. (Round to one decimal place.)