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Hi-tech Lubricants last paid dividend of Rs 2, which is expected to grow by 10% in the first year and 5% in the second year.
Hi-tech Lubricants last paid dividend of Rs 2, which is expected to grow by 10% in the first year and 5% in the second year. Thereafter, the dividend is expected to grow at a constant rate of 2%. If investors require a return of 10% to purchase the stock, what is the stocks market value?
a. Rs 21 b. Rs 28 c. Rs 22 d. Rs 30 Whats the answer
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