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Question: a.RAK Ceramic is currently paying dividend Tk. 4.40 per share, which is expected to grow at a constant rate per year. Investors required rate

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a.RAK Ceramic is currently paying dividend Tk. 4.40 per share, which is expected to grow at a constant rate per year. Investors required rate of return is 15 percent. Calculate the price of the stock based on average growth of the stock, and justify your findings to take stock investment decisions. (CMP=77.50 Tk.)

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