The KLS Co. is expected to pay the following annual dividends for the next three years: $1.00, $1.50, and $1.60, respectively. After that time, they are expected to increase their dividends by 3% annually. Stocks similar to KLS are yielding 9.5%. What is one share of KLS worth today?

Answer rating: 100% (QA)

To find the present value of KLS Cos dividends we need to calculate the present value of each indivi... View the full answer