Question
T&O paid an annual dividend of RM0.70 recently. The companys Chief Financial Officer (CFO) predicted that dividends will grow at 20 percent next year and
T&O paid an annual dividend of RM0.70 recently. The companys Chief Financial Officer (CFO) predicted that dividends will grow at 20 percent next year and 25 percent for the second and third year. After then, growth will level off at 3 percent per year. You are required to determine the stock price for T&O at the discount rate of 12 percent. 10m)
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
