Multiple Choice
A share you are interested in paid a dividend of €1 last month.The anticipated growth rate in dividends and earnings is 25% for the next 2 years before settling down to a constant 5% growth rate.The discount rate is 12%.Calculate the expected price of the share.
A) €15.38
B) €20.50
C) €21.04
D) €22.27
E) €26.14
Correct Answer:
Verified
Correct Answer:
Verified
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