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Melissa Popp is thinking about buying some shares of R.H. Lawncare? Equipment, at $ 51.42 per share. She expects the price of the stock to
Melissa Popp is thinking about buying some shares of R.H. Lawncare? Equipment, at $ 51.42 per share. She expects the price of the stock to rise to $ 61.84 over the next 3 years. During that time she also expects to receive annual dividends of $ 4.82 per share.
a.What is the intrinsic worth of this? stock, given a 8 % required rate of? return?
b. What is its expected? return?
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