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Delta Co. Ltd., is expecting a growth rate for the next two years of 10%p.a. and a constant growth of 2%p.a. thereafter in perpetuity. Delta
Delta Co. Ltd., is expecting a growth rate for the next two years of 10%p.a. and a constant growth of 2%p.a. thereafter in perpetuity. Delta just paid a dividend of $1.00 per share. If investors expect a return of 15%p.a. what is the current, approximate expected value of Delta shares? (note: there will be rounding errors so choose the number closest to your estimate). $6.17 $7.58 $6.58 O $15.03
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