Question
Morris Ltd shares are currently selling for $3.38 and the company recently paid a dividend to ordinary shareholders of 30 cents per share and has
Morris Ltd shares are currently selling for $3.38 and the company recently paid a dividend to ordinary shareholders of 30 cents per share and has projected its future growth at a rate of 8.5% p.a. If you purchase shares in the company at the market price, what is your expected rate of return?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
