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folio Management and Theory 34:39 GCC Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because

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folio Management and Theory 34:39 GCC Stock latest dividend of AED 2.25 a share was paid yesterday. You plan to purchase the stock today because you believe the dividend shall grow @ 0.10 annually for next FOUR years, and selling price of the stock will be $43.1 per share at the end of that time. What will be price of stock at the end of year-3, assuming that the 10% growth rate can be maintained indefinitely and you require a 0.18 return? tion ANSWER FORMAT: 1234.56; Please write in decimal and do not convertin% Answer: age Next page

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