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Suppose that you estimate that LOHI Corporate, will skip it next three annual dividends, but then resume paying a dividend, with the first dividend paid
Suppose that you estimate that LOHI Corporate, will skip it next three annual dividends, but then resume paying a dividend, with the first dividend paid to be equal to Rs.1.00. If all subsequent dividends will grow at a constant rate of 6% per year and the required rate of return on LOHI is 14% per year, what should be its price?
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