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The closing price of shares of ABB Ltd On December 31, previous year was RS. 25. It paid a year end dividend as detailed below:

The closing price of shares of ABB Ltd On December 31, previous year was RS. 25. It paid a year end dividend as detailed below:

Year1

Year2

Year3

Year4

Year5

Rs. 2.00

Rs. 2.00

Rs. 2.20

Rs. 2.50

Rs. 2.50

At what price should an investor sell his shares at the end of year 5 to earn a compound rate of return of 15% on the initial investment of Rs. 25. Ignore commissions and taxes.

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