Question
You want to invest in a stock that pays a quarterly dividend of $0.60 and is currently trading at $25. You believe that the stock
You want to invest in a stock that pays a quarterly dividend of $0.60 and is currently trading at $25. You believe that the stock price will appreciate to $30 in 2 years. The required rate of return is 10%. Assuming you reinvest all dividends, calculate the total return on your investment and the future value of your investment after 2 years.
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
