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CEPS Group announced today that it will begin paying annual dividends next year. The first dividend will be OMR 0.52 a share. The following dividends
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CEPS Group announced today that it will begin paying annual dividends next year. The first dividend will be OMR 0.52 a share. The following dividends will be OMR 0.67, OMR 0.72, OMR 0.81, and OMR 0.90 a share annually for the following 4 years, respectively. After that, dividends are projected to increase by 5 percent per year. How much are you willing to pay to buy one share of this stock today if your desired rate of return is 9.5 percent?
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