5. In September of 2004, Microsoft, Inc., was trading at $27.29 per share. At that time, Microsoft...

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5. In September of 2004, Microsoft, Inc., was trading at $27.29 per share. At that time, Microsoft was paying an annual dividend of $0.32 per share, and analysts had set a one-year target price around $33.30 per share. What is the expected return of this stock?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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