Question
You are considering acquiring a share and selling it at the end of one year.You expect to receive both $2in dividends and $11 from the
You are considering acquiring a share and selling it at the end of one year.You expect to receive both $2in dividends and $11 from the sale of the share at the end of the year. What is the maximum price you would pay for the share today if you wanted to earn a 12.48% p.a. return?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
