The expected dividends on Estate Lancaster plc. share is 0.17 (around $0.26) in 1 year. Assume you

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The expected dividends on Estate Lancaster plc. share is £0.17 (around $0.26) in 1 year. Assume you hold this share for a year. Calculate the holding-period dollar gain and return on the share if its current price is £4.4 (around $6.60) and it is expected that by the end of a year the price will rise to £6.2 (around $9.31).

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Foundations Of Finance

ISBN: 9781292155135

9th Global Edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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