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Kenneth Cole Productions (KCP) suspended its dividend at the start of 2009 and as of the middle of 1 answer below » Kenneth Cole Productions (KCP) suspended its dividend at the start of 2009 and as of the middle of 2012, has not reinstated its dividend. Suppose you do not expect KCP to resume paying dividends until July 2014. You expect KCP’s dividend in July 2014 to be $1.00 (paid annually), and you expect it to grow by 5% per year thereafter. If KCP’s equity cost of capital is 11%, what is the value of a share of KCP in July 2012? Sep 17 2015 01:48 PM
