* Calculate the oneyear holding Period Return with dividend (HPRwd)

*Suppose the company growth rate is 6% and the customer requires 10 return then the intrinsic price in January 2017 (one the year 1 period ) is:

*Using the answer from your calculation in above would the customer buy sell or hold the asset?

Please show steps/calculations (no excel can be used for my answers)

THANK YOU

JP Morgan Chase & Company Trading under tyeh symbolJPM Open High Low Close 1-Nov-16 77.29 11,983,574 371,828,800 4-Oct-16 0A8 Dividend. T T 69.26 304,123,000 30.sep-16 6635 69.77 6926 31 Jul 16 263,306,200 0A8 Dividend 1 Jul-16 Jun-16 63.97 63.97 283,878,900 31 May 16 62.14 62.14 64.76 394,765,600 30 Apr-16 6.69 662 60.59 6527 23.260.500 0A4 Dividend 4-Apr-16 344,767,700 l-Mar-16 60.97 356,907,400 477,952,300 4-Jan-16 0A4 Dividend 470,257,300 54.66 64.13 1-Dec-15 316,488,000 66.03 Close price adjusted for dividends and splits