Maynard Steel plans to pay a dividend of 53.02 this year. The company has an expected earnings growth rate of 3.6% per y

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Maynard Steel Plans To Pay A Dividend Of 53 02 This Year The Company Has An Expected Earnings Growth Rate Of 3 6 Per Y 1 (13 KiB) Viewed 87 times

Maynard Steel plans to pay a dividend of 53.02 this year. The company has an expected earnings growth rate of 3.6% per year and an equity cost of capital of 10.4% a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimato Maynard's share price b. Suppose Maynard decides to pay a dividend of $0.98 this year and use the remaining $2.06 per share to repurchase shares. If Maynard's total payout rate remains constant, estimate Maynard's share price