Compute ke and kn under the following circumstances:
a. d1 = $7.60, p0 = $80, g = 3%, f = $2.00. (do not round intermediate calculations. round your answers to 2 decimal places.)
b. d1 = $0.45, p0 = $40, g = 6%, f = $1.50. (do not round intermediate calculations. round your answers to 2 decimal places.)
c. e1 (earnings at the end of period one) = $12, payout ratio equals 35 percent, p0 = $44, g = 2.5%, f = $3.00. (do not round intermediate calculations. round your answers to 2 decimal places.)
d. d0 (dividend at the beginning of the first period) = $5, growth rate for dividends and earnings (g) = 3%, p0 = $70, f = $6. (do not round intermediate calculations. round your answers to 2 decimal places.)

c

explanation:

answer( isp );

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.