3 Lofthouse plc has paid out dividends per share over the past few years, as follows: 1996...
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3 Lofthouse plc has paid out dividends per share over the past few years, as follows:
1996 11.0p 1997 12.5p 1998 14.0p 1999 17.0p 2000 20.0p In March 2000, the market price per share of Lofthouse is £5.00 ex-dividend. What is the rate of return required by investors in Lofthouse’s equity implied by the Dividend Growth Model?
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Corporate Finance And Investment Decisions And Strategies
ISBN: 9780273695615
5th Edition
Authors: Richard Pike, Bill Neale
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