Kenzie Cos. is expected to pay a dividend of $2.05 per year indefinitely. The appropriate rate of return on this stock is 14 percent per year, and the stock consistently goes ex-dividend 35 days before dividend payment date.
What will be the expected minimum price in light of the dividend payment logistics?
Minimum stock price$
What will be the expected maximum price in light of the dividend payment logistics?
Maximum stock price$